Today's forex rates — India

Bank TT buy rates — USD / INR

Updated 24 Jul 2026, 7:00 PM IST · Source: bank websites & RBI
USD $
EUR €
GBP £
AED AED
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CAD C$
Bank TT buy rate * Markup over RBI vs yesterday
RBI Reference RateMid-market benchmark
96.54Benchmarkunchanged
Axis Banktrend ↗
94.94+1.60 (1.7%)▲ 0.10
Bank of Barodatrend ↗
95.99+0.55 (0.6%)▲ 0.02
HDFC Banktrend ↗
94.80+1.74 (1.8%)unchanged
ICICI Banktrend ↗
94.83+1.71 (1.8%)▲ 0.10
Indian Overseas Bank Best todaytrend ↗
96.22+0.32 (0.3%)▼ 0.01
State Bank of Indiatrend ↗
96.00+0.54 (0.6%)▼ 0.10
* TT buy rate = rate you receive when money arrives from abroad into your Indian bank account. Higher is better for you. Rates collected manually from bank websites. Verify with your bank before transacting.

TT Buy Rate Calculator

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Enter an amount and select your bank to see what you receive today

Remittance platform fees — USD to INR

All-in cost includes platform fee plus any FX markup
Platform Cost on $1,000 Cost on $5,000 FIRA Settlement
Xflow Lowest cost Starter plan
$12 $30 Free 1 day
Skydo Flat fee model
$19 $29 Free 1–2 days
Wise % based fee
~$23 ~$95 Paid 1–2 days
Payoneer FX markup applies
~$40 ~$200 Free 2–3 days
Cost = platform fee + FX markup converted to USD equivalent. Skydo and Xflow apply zero FX markup — only the flat platform fee. Wise charges $6 wire fee plus ~1.7% conversion fee on USD to INR. Payoneer applies ~2% FX markup on withdrawal in addition to any platform fees. Wise and Payoneer figures are estimates as their exact fees vary by transaction and are shown at quote time.
Platform fees reviewed quarterly. Verify with each provider before transacting. Last updated May 2026

Frequently asked questions

What is TT buy rate?

TT (Telegraphic Transfer) buy rate is the rate your Indian bank applies when you receive an international wire transfer. It determines how many rupees actually land in your account. Higher is better for you — even a 0.5% difference on a $5,000 payment is over ₹2,000.

Why is my bank's rate lower than the RBI rate?

The RBI reference rate is the mid-market interbank rate — a global benchmark, not a rate available to individuals. Banks add their own margin on top of this (typically 0.5–1.5%) when processing your inward remittance. That margin is the bank's profit on the conversion and shows up as the "Markup over RBI" column in the table above.

How often are these rates updated?

Rates are updated manually from each bank's published rate page. The timestamp above the table shows when they were last updated. Always verify the current rate directly with your bank before transacting.

What is FIRA / FIRC and do I need it?

FIRA (Foreign Inward Remittance Advice) and FIRC (Foreign Inward Remittance Certificate) are two names for the same document — a confirmation issued by your bank or remittance platform that you received money from abroad. FIRC is the older term used by banks; FIRA is the newer term used by RBI and most platforms today. It is useful for income tax filings, GST purposes, and as proof of payment for clients. Some platforms issue it free with every transaction; others charge a fee.

Where does this data come from?

Bank TT buy rates are collected daily from each bank's published rate page:

Remittance platform fees are reviewed quarterly from each platform's published pricing:

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