The commercial Indian rupee rate with the time it was taken, a two-way converter and what to know before pricing anything from India.
We could not load the stored rate. Use the refresh button or type a rate below to convert.
Very few Brazilians go to India as tourists, and this page is not written for the ones who do. The rupee turns up here for professional reasons: a software team or a support operation contracted in Bengaluru or Hyderabad, generic medicines and pharmaceutical ingredients, agricultural chemicals and auto parts arriving from one of the world's largest producers of all of them. If you are reading a quote in rupees you are almost certainly deciding whether a price is reasonable — and the first useful thing to know is that the deal probably will not settle in rupees at all.
The currency behaves unlike the others on this list. The Reserve Bank of India runs a managed float, using its reserves to smooth the exchange rate rather than let it jump, so the rupee tends to drift down against the dollar over years instead of lurching in days. The pressure behind that drift is oil: India imports the large majority of the crude it burns, so a rising oil price worsens its import bill and weighs on the currency — the exact mirror of Canada and Australia, whose currencies rise with the commodities they sell. The rupee is also not freely convertible: capital movement in and out of India is regulated, which is part of why it is so rarely quoted directly against the real.
The value above is a stored quote refreshed every half hour, with the moment it was taken beside it, and the refresh button goes for the live one. As everywhere here, this is the commercial reference: any bank spread and the IOF still come on top of it. And rupees are, in practice, not a currency you buy over a counter in Brazil — the reason is in the questions below.
From the market feed for the rupee against the real, saved here by a job that runs every 30 minutes; the date and time of the quote are printed under the value. The refresh button fetches the live one from your browser. At weekends the number holds, because the market is closed.
Usually not. India regulates the movement of its own banknotes across its borders, and Brazilian bureaus hold little or none of it, so the spread is far wider when it is available at all. Most travellers take dollars or a card and convert on arrival.
Because this is the commercial rate, a wholesale reference. Any real operation adds the spread of whoever converts the money, plus the IOF. Ask for the final closed rate and type it into the rate field above.
Usually not. Trade and services between Brazil and India are overwhelmingly invoiced in dollars, so what leaves your account is dollars and the rate that applies is the dollar one plus your bank's costs. The rupee figure still tells you what the price looks like on the other side.
India groups digits differently. A lakh is one hundred thousand and a crore is ten million, and the separators follow that — 1,50,000 is one hundred and fifty thousand rupees, and 2 crore is twenty million. Indian invoices use these constantly.
Because it is not left entirely to the market. The Reserve Bank of India intervenes with its reserves to smooth movements, producing a slow depreciation against the dollar rather than sharp jumps. Smoother is not the same as fixed: the trend has run one way for a long time.
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