Urban Money
Eligibility calculator

Eligibility calculator


Looking for a reliable and efficient currency conversion tool? Our INR to USD Currency Conversion Tool is here to assist. With accurate and real-time exchange rates, this tool enables seamless conversion between Indian Rupee (INR) and United States Dollar (USD).

Convert INR to USD at the Real Exchange Rate



Converted to


1 INR =


Currency exchange value is subjected to market fluctuation. Exchange rate as on Dec 08, 2023.

INR to USD Exchange Rate

Whether you're travelling, conducting international business, or managing investments, our user-friendly currency converter tool provides instant INR to USD currency conversions with just a few clicks. The INR (Indian Rupee) to USD (United States Dollar) exchange rate is crucial for facilitating international trade and investment between India and the United States. As two major economies, fluctuations in the INR to USD exchange rate impact import/export costs, competitiveness, and cross-border investments. Monitoring this exchange rate is vital for businesses and individuals engaged in international transactions, enabling them to assess the cost of imports and exports, evaluate competitiveness, and make informed decisions on financial activities and investments involving the USD.

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1 INR to USD Exchange Rate Last 7 days



  • 0.012037

  • 0.012056

  • 0.012036

  • 0.012032

  • 0.012028

  • 0.012017

  • 0.01203

Indian Rupee to US Dollar Conversions



INR to USD Currency Conversion: An Overview

Currency conversion is crucial in international trade and travel, enabling individuals and businesses to transact across borders. One commonly encountered conversion is from the Indian Rupee (INR) to the United States Dollar (USD). In this blog, we will explore the INR to USD currency conversion process, providing important facts about the Indian Rupee, discussing the working mechanism of Urban Money, highlighting the benefits of online currency converter tools, examining the factors affecting the INR to USD exchange rate, presenting a conversion table from 2010 to 2022, and shedding light on how rupee-dollar rates are determined.

Important Facts About INR - Indian Rupee

To better understand the INR to USD conversion, let's take a look at some important facts about the Indian Rupee:

Fact Description
Symbol The official symbol of INR is ₹, designed by Udaya Kumar and adopted in 2010. It combines the Devanagari letter ‘Ra’ and the Roman capital letter ‘R’.
Meaning The word ‘rupee’ derives from the Sanskrit word ‘rupiah’, which means ‘shaped silver’ or ‘silver coin’. It is a common name for the currencies of several Asian countries.
History The rupee was first issued as a silver coin by Sher Shah Suri in the 16th century. It became the standard currency of India until the British colonial government introduced paper money.
Issuer The Reserve Bank of India (RBI) controls the issue and management of the currency in India under the RBI Act of 1934.
Subunit One rupee is equal to 100 paise (singular: paisa). The symbol for paise is p. Sometimes. It is referred to as the Naya (new) Paisa.
Denominations The current denominations of banknotes are ₹ 10, ₹ 20, ₹ 50, ₹ 100, ₹ 200, ₹ 500 and ₹ 2000. The current denominations of coins are ₹ 1, ₹ 2, ₹ 5, ₹ 10 and ₹ 20.
Counterfeiting The Indian rupee is among the world's top 10 most counterfeited currencies. The RBI has introduced various security features to prevent fraud, such as security threads, watermarks, micro-lettering, latent images, colour-changing ink, etc.

How Does Our INR to USD Online Currency Converter Work?

At Urban Money, we have developed a user-friendly online currency converter to facilitate quick and accurate INR to USD conversions. Here's how our currency converter works:

  • Visit our website: Head to urbanmoney.com and locate our currency converter tool.
  • Select currencies: Choose INR as the base currency and USD as the target currency.
  • Enter the amount: Input the desired amount of Indian Rupees you want to convert to US Dollars.
  • Get instant results: Our advanced algorithm will process the information and instantly provide you with the converted INR value to USD.

Benefits of INR to USD Online Currency Converter Tools

Using an online currency converter tool like Urban Money's INR to USD converter offers several advantages:

  • Convenience: Convert INR to USD from the comfort of your home or office, eliminating the need to visit physical exchange centres or banks.
  • Real-time rates: Online currency converters provide up-to-date exchange rates, ensuring accurate conversions based on the current market conditions.
  • Quick results: Receive instant conversion results without the hassle of manual calculations or consulting external sources.
  • Accessibility: Online currency converters are available 24/7, allowing you to convert currencies anytime, regardless of location.

List of Factors Affecting the Value of INR to USD

Various factors influence the value of the Indian Rupee against the US Dollar. Some of the key factors affecting the INR to USD exchange rate include:

  • Interest rates: Divergence in interest rates between India and the United States can impact currency values.
  • Inflation rates: Differing inflation rates between the two countries can affect exchange rates.
  • Trade balance: The trade balance between India and the United States, including exports and imports, can influence the exchange rate.
  • Political stability: Political stability in both countries plays a role in determining exchange rates.
  • Economic indicators: GDP growth, employment rates, and fiscal policies can impact currency values.

How are Rupee-Dollar Rates Determined?

The rupee-dollar exchange rate is determined by market forces, specifically through the interplay of supply and demand in the foreign exchange market. Factors such as interest rates, inflation, economic performance, political stability, and global events impact the demand and supply of Indian Rupees and US Dollars, ultimately influencing the exchange rate. The exchange rate is constantly changing as these factors fluctuate.

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Frequently Asked Questions (FAQs)

What was the value of 1 INR to USD in 1947?

In 1947, when India gained Independence, 1 INR was equivalent to 1 USD.

What is the highest ever INR to USD?

The highest ever INR to USD exchange rate recorded was approximately INR 75 per 1 USD.

What does the INR stand for?

INR stands for Indian Rupee.

When was 1 INR equal to 1 USD, and how?

1 INR was equal to 1 USD in 1947 when India gained Independence. However, this parity was not a result of market forces but rather a fixed exchange rate set by the Indian government.

Who decides the INR to USD exchange rate?

The INR to USD exchange rate is determined by market forces in the foreign exchange market, influenced by various economic and geopolitical factors.

What is the subunit of INR currency?

The subunit of the INR currency is called the “Paisa.” 1 Rupee is equivalent to 100 Paisa.

What is the smallest unit of INR currency?

The smallest unit of the INR currency is the “Paisa,” which is 1/100th of a Rupee.

What types of banknotes are in the INR currency?

The Indian Rupee has banknotes in INR 10, INR 20, INR 50, INR 100, INR 500, and INR 2000.

What types of coins are in the INR currency?

The Indian Rupee has INR 1, INR 2, INR 5, and INR 10 coins.