📞 +91 88022 54567 WhatsApp ✉ gaurav@skagandassociates.com
Mon – Sat | 10:00 AM – 7:00 PM
SKAG and Associates
Chartered Accountants

Foreign Currency Conversion

INR-foreign currency converter at a rate you enter; illustrative sample rates.

The Foreign Currency Conversion tool converts between Indian Rupees and major foreign currencies at an exchange rate you enter, such as the FBIL reference rate published by RBI for your date. It comes pre-filled with illustrative sample rates that are not current. A bank's TT buying and selling rates will differ by a spread, plus applicable GST and TCS on outward remittances. It is for individuals and businesses who need an indicative conversion before a remittance or invoice.

Use the Foreign Currency Conversion

Rates are pre-filled with illustrative sample values when you change currency. Replace them with the FBIL reference rate or your bank's rate.

Conversion Result

Rate applied-
Illustrative bank TT buy (rate − 1.5%)-
Illustrative bank TT sell (rate + 1.5%)-
Converted-
Bank rates depend on your AD Bank, transaction size, and remittance purpose. For LRS outward remittances, the TT-sell rate applies plus GST @ 18% on remittance fees + TCS (if applicable).

Generated on 16 October 2026 at skagandassociates.com — for information only, not professional advice

Convert between Indian Rupee (INR) and major foreign currencies at the exchange rate you enter — for example the FBIL reference rate (published by RBI) for the date you need. The bank's TT buying / selling rate will differ by a spread plus applicable GST and TCS on outward remittances.

Illustrative sample rates only, not current market or FBIL reference rates. The pre-filled rates below are round sample figures for illustration (for example, USD at ₹84) and are not current — for context, the rupee closed at about ₹95.80 per US dollar on 25 September 2026. Before relying on a conversion, overwrite the rate with the FBIL reference rate for your date from FBIL or RBI, or with your bank's rate. Banks usually apply a spread on TT (Telegraphic Transfer) buy / sell rates.

Illustrative Sample Rates (INR per unit) — not current

Currency Name Sample INR per unit
USD US Dollar ₹ 84.00
EUR Euro ₹ 91.50
GBP British Pound ₹ 107.00
JPY Japanese Yen (per 100) ₹ 55.50
AUD Australian Dollar ₹ 55.20
CAD Canadian Dollar ₹ 60.80
SGD Singapore Dollar ₹ 62.40
AED UAE Dirham ₹ 22.88
CHF Swiss Franc ₹ 92.80
CNY Chinese Yuan ₹ 11.60
HKD Hong Kong Dollar ₹ 10.78
NZD New Zealand Dollar ₹ 50.40

Sample figures for illustration only. For the actual rate on a given date, use the FBIL reference rate published on the FBIL and RBI websites.

Important note: This tool provides an indicative output only. It does not factor in every special provision, surcharge, exception, or recent notification. Verify with the firm before acting on any computation.

Frequently Asked Questions

Which exchange rate should be used for Indian tax and regulatory purposes?
Different laws prescribe different rates. Customs valuation uses CBIC-notified rates updated periodically, income-tax conversions follow the SBI telegraphic transfer buying rate under Rule 115 on specified dates, and accounting under Ind AS or AS 11 typically uses RBI/FBIL reference rates. For actual FEMA remittances, the bank applies its card rate at the time of conversion.
Who publishes the official reference exchange rate for the rupee?
Financial Benchmarks India Limited (FBIL) computes and publishes the daily reference rates for the US dollar and other major currencies against the rupee, which the RBI disseminates on each business day. These reference rates are widely used for accounting, valuation and reporting, though actual transactions occur at market or bank card rates.
What is the LRS limit for resident individuals?
Under the Liberalised Remittance Scheme, resident individuals can remit up to USD 250,000 per financial year for permissible current and capital account transactions such as education, travel, medical treatment, gifts and overseas investment. Tax collected at source (TCS) applies above threshold limits, with the rate depending on the purpose of remittance.
Are foreign exchange gains and losses taxable?
Generally yes, with treatment depending on whether the gain or loss arises on revenue or capital account. Realised exchange differences from business transactions are typically taxable or deductible as business income, while capital account items follow specific provisions such as Section 43A for imported assets. The facts of each transaction determine the exact treatment.

Due in the next 30 days

FEMA
  1. Form ECB 2 for OctoberIn 22 days · FEMA

Full compliance calendar → Statutory dates, which can be extended by notification. General information only.

Published by SKAG and Associates, Chartered Accountants, New Delhi · Proprietor CA Gaurav Singh (ICAI M.No. 539050). General information only, not professional advice.

Other FEMA Tools

LRS Limit Tracker

Liberalised Remittance Scheme — track your USD 2,50,000 annual limit.

Open Tool →

Foreign Investment Eligibility

Check FDI permissibility, route (automatic / approval) and sectoral caps.

Open Tool →

ECB Compliance Calculator

External Commercial Borrowing — borrowing limit and minimum average maturity (2026 framework).

Open Tool →
All FEMA Tools →

This website is intended solely for the dissemination of basic information regarding SKAG and Associates and is in compliance with the guidelines issued by the Institute of Chartered Accountants of India (ICAI). It is not intended to be a source of advertisement, solicitation or inducement of professional work. The information provided here is general in nature and should not be construed as professional advice. By using this website, the visitor acknowledges that there has been no advertisement, personal communication, solicitation or inducement of any sort whatsoever from the firm or any of its members.