Rupee per US dollar (INR/USD)
INR/USD = Indian Rupee per US Dollar- How often
- Every working dayEvery Mumbai business day, about 1:30 PM
- Last released
- 12 Nov 202612 Nov 2026
12 November 2026, against ₹95.25 in October 2026.
Events on this chart
Source: FBIL, released 12 Nov 2026 · Chart: Clarity UPSC
- Previous
- ₹95.25Oct 2026
- Highest
- ₹95.98Sep 2026
- Lowest
- ₹48.94Feb 2012
Higher than 96% of the 179 readings since Jan 2012.
Story
How many rupees one US dollar costs, by the official reference rate.
What is happening now As of 12 Nov 2026
On 12 November 2026 the reference rate was ₹93.765 per US dollar. The rupee has gained since the end of September, when a dollar cost ₹95.98, but it is weaker than a year earlier: on 31 October 2025 the rate was ₹88.72.
The Reserve Bank of India (RBI) says the rupee fell 6.2% against the dollar in October 2025–March 2026 and 1.4% in April–September 2026, trading between ₹92 and ₹97. It weakened after the West Asia conflict began and again from late September, as the dollar strengthened and crude oil prices rose. Steps by the RBI and the government to draw in foreign capital, such as a swap window for deposits from Indians abroad, halted the fall. From mid-October the rupee gained, which the RBI links to its 10 October measures against speculative demand for dollars and to a softer dollar.
Why it matters
The exchange rate sets the rupee price of everything India buys or sells abroad. When the rupee weakens, imported oil, gold, electronics and fertiliser cost more in rupees, which can push up prices at home. Families paying for study abroad and companies repaying dollar loans need more rupees.
A weaker rupee helps exporters and families who receive money from abroad, because each dollar brings more rupees. The Reserve Bank of India (RBI) watches the rate because it feeds into inflation. It uses its reserves to curb sudden swings while letting the rate follow the economy's fundamentals.
What it is
Financial Benchmarks India Limited (FBIL) publishes the rupee's reference rate against the US dollar every Mumbai business day, from trades between 11:30 AM and 12:30 PM.
A higher number means a weaker rupee: it takes more rupees to buy one dollar.
The market sets the rupee's value. The Reserve Bank of India (RBI) steps in with its reserves to smooth sharp moves.
Read this number
- The publisher
- Financial Benchmarks India Limited sets India's official benchmark rates, including the rupee's daily reference rate against the US dollar.
- Set by
- Market trades, 11:30 AM–12:30 PM
Terms on this page (4)
- FBIL
- Financial Benchmarks India Ltd
- NEER
- Nominal Effective Exchange Rate
- RBI
- Reserve Bank of India
- REER
- Real Effective Exchange Rate
History
- 2018Financial Benchmarks India Limited (FBIL) takes over the reference rate from the Reserve Bank of India (RBI) on 10 July 2018.
Readings
| Period | Value | Status | Released |
|---|---|---|---|
| 12 Nov 2026 | ₹93.77 | Final | 12 Nov 2026 |
| Oct 2026 | ₹95.25 | Final | 30 Oct 2026 |
| Sep 2026 | ₹95.98 | Final | 30 Sep 2026 |
| Aug 2026 | ₹95.45 | Final | 31 Aug 2026 |
| Jul 2026 | ₹95.37 | Final | 31 Jul 2026 |
| Jun 2026 | ₹94.60 | Final | 30 Jun 2026 |
| May 2026 | ₹95.38 | Final | 29 May 2026 |
| Apr 2026 | ₹95.24 | Final | 30 Apr 2026 |
| Mar 2026 | ₹94.65 | Final | 30 Mar 2026 |
| Feb 2026 | ₹90.95 | Final | 27 Feb 2026 |
| Jan 2026 | ₹91.90 | Final | 30 Jan 2026 |
| Dec 2025 | ₹89.92 | Final | 31 Dec 2025 |
For UPSC
Know depreciation versus devaluation, the Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER), and the role of the Reserve Bank of India (RBI) in the currency market.