3 weeks ago
Indian banks' INR to USD forex rates for August 2026
Sometimes people in India need US dollars.
They might be sending money abroad or getting cash for a trip to another country.
They use Indian rupees, called INR, to buy dollars.
Banks do not all charge the same price for dollars.
The price can also change depending on how you get the money, such as a wire transfer, a travel card, or cash.
A newspaper called Mint Money compared the prices at nine big Indian banks.
It found HDFC Bank had the cheapest rate for money coming in, at ₹93.47 per dollar.
Union Bank's rate for money coming in was the highest on the list.
For cash, Kotak Bank's price was the most expensive.
Comparing prices before you buy dollars can save you money.
Mint Money compiled INR-to-USD forex rates from nine major Indian banks' websites, with rates effective as of 7 August 2026.
Banks offered different rates for inward wire transfers, outward wire transfers, travel cards, and cash purchases.
HDFC Bank offered the lowest inward wire transfer rate on the list at ₹93.47 per dollar, while Union Bank's ₹94.96 was the highest.
Kotak Bank's cash purchase rate of ₹97.99 per dollar was the most expensive among the banks listed.
Axis Bank and Union Bank did not list travel card rates, and Canara Bank's cash purchase rate was unavailable.
- Who
- Mint Money, which compiled rates from nine major Indian banks including SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Bank, Punjab National Bank, Bank of Baroda, Canara Bank and Union Bank.
- What
- A comparison of INR-to-USD forex rates offered by major Indian banks for inward wire transfers, outward wire transfers, travel cards and cash purchases.
- Where
- India, covering rates at major Indian banks in the INR/USD currency market.
- When
- Rates are effective as of 7 August 2026, compiled from bank websites as of 10 August 2026.
- Why
- To help people sending money abroad or buying foreign currency understand that the rate they receive varies significantly depending on the bank and transaction type.
Key facts
- Reported by
- Mint Money
- Compiled as of
- 10 August 2026
- Rates effective from
- 7 August 2026
- Lowest inward wire transfer rate
- ₹93.47 per dollar (HDFC Bank)
- Highest inward wire transfer rate
- ₹94.96 per dollar (Union Bank)
- Most expensive cash purchase rate
- ₹97.99 per dollar (Kotak Bank)
- Cheapest travel card rate
- ₹95.33 per dollar (Punjab National Bank)
- Banks covered
- SBI, Bank of Baroda, Canara Bank, Kotak Bank, PNB, HDFC Bank, ICICI Bank, Axis Bank, Union Bank
Sources
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