USD to INR Historical Exchange Rates
USD/INR Rate Summary: Today vs. History
Here's how today's rate of 83.5000 compares to key historical benchmarks:
| Period | Rate |
|---|---|
| Today | 83.5000 |
| 7 days ago | 83.9860 |
| 30 days ago | 84.4719 |
| 90 days ago | 85.2009 |
| 1 year ago | 87.3878 |
| 5 years ago | 95.6492 |
All rates are mid-market interbank rates. These are benchmark reference rates and do not reflect rates available to retail customers. For official tax or legal purposes, consult your national tax authority's published exchange rates.
USD to INR Exchange Rate by Month — 2026
Month-by-month mid-market rates for 2026. Useful for bookkeeping, invoice reconciliation, and annual financial reviews.
| Month | Opening Rate | Closing Rate |
|---|---|---|
| May 2026 | 88.5840 | 89.1988 |
| April 2026 | 87.9752 | 88.5840 |
| March 2026 | 87.3724 | 87.9752 |
| February 2026 | 86.7753 | 87.3724 |
| January 2026 | 86.1841 | 86.7753 |
Understanding the USD/INR Rate: What History Tells Us
The USD/INR pair is a major free-floating currency pair. Its history over the past decade is a masterclass in how global macroeconomic events move money.
The impact of Central Banks
Over the last 5 years, significant movements in this pair have been driven primarily by interest rate divergence between central banks. When one central bank aggressively hikes interest rates while the other pauses or cuts, global capital flows toward the higher-yielding currency, causing massive shifts in the chart above.
What drives this rate today
The USD/INR rate responds instantly to:
- Interest rate decisions by national central banks
- Monthly inflation data from both regions
- Geopolitical events with asymmetric impacts on regional energy or trade
- Global risk-off sentiment (driving capital toward "safe haven" currencies)
For expats and businesses, the practical lesson from the chart is that USD/INR moves enough to matter on large transfers — but not enough to justify obsessive timing on routine monthly remittances. If you're moving large amounts, watching the 30-day trend is reasonable. For smaller regular transfers, set a schedule and stick to it.
USD to INR — Annual Average Exchange Rates
Annual average rates are widely used for financial reporting, tax purposes, and long-term trend analysis. Here are the yearly averages for the last decade:
| Year | Annual Average Rate |
|---|---|
| 2026 (YTD) | 86.5770 |
| 2025 | 89.7630 |
| 2024 | 93.0618 |
| 2023 | 96.4772 |
| 2022 | 100.0131 |
| 2021 | 103.6735 |
| 2020 | 107.4628 |
| 2019 | 111.2724 |
| 2018 | 115.2114 |
| 2017 | 119.2841 |
For Official Tax Purposes
Your national tax authority may publish its own official rates that differ slightly from these mid-market benchmarks. Reference rates by authority:
Historical Data FAQs
What is the average USD to INR exchange rate for 2026?
The year-to-date average USD to INR exchange rate for 2026 is 86.5770 — calculated from daily mid-market closing rates from January 1, 2026 through today. See the annual averages table above for prior years.
What is the highest USD to INR rate in recent history?
Based on our data over the last year, the highest recorded mid-market rate for USD to INR was 96.0250 INR per USD.
Can I use historical exchange rates for tax purposes?
The historical rates on CurrencyExc are mid-market interbank reference rates — useful for research, estimation, and benchmarking. However, most tax authorities publish their own official exchange rates for tax reporting purposes. For official tax use, US taxpayers should use IRS yearly average rates, UK taxpayers use HMRC monthly rates, and EU residents use ECB reference rates.
Why does the USD/INR historical chart look so stable?
While USD/INR is a floating pair, central bank interventions or highly stable relative inflation rates can occasionally cause prolonged periods of low volatility. However, over a 5-year timeline, you will see significant macro-economic shifts.