Indian Bank forex rates today

This is Indian Bank's sheet for today, struck at 17-Aug-2026.

What this sheet applies to: card rates for merchant business, valid for transactions up to USD 10,000 or equivalent

Indian Bank rates today, in plain terms

For US Dollar (USD) this sheet quotes TT Buying at ₹94.99 and TT Selling at ₹96.13 — a spread of ₹1.14, or 1.20% of the buying rate. Against the RBI reference rate of ₹95.60 for 2026-08-17, receiving money costs 0.64% and sending money costs 0.55%.

For Euro (EUR) this sheet quotes TT Buying at ₹109.99 and TT Selling at ₹111.32 — a spread of ₹1.33, or 1.21% of the buying rate. Against the RBI reference rate of ₹110.76 for 2026-08-17, receiving money costs 0.70% and sending money costs 0.50%.

For Pound Sterling (GBP) this sheet quotes TT Buying at ₹128.68 and TT Selling at ₹130.26 — a spread of ₹1.58, or 1.23% of the buying rate. Against the RBI reference rate of ₹129.56 for 2026-08-17, receiving money costs 0.68% and sending money costs 0.54%.

Among the banks tracked here, this sheet is 6th cheapest for sending USD and 6th best for receiving USD today. These positions compare published sheets that do not all cover the same transaction size — State Bank of India quotes a large-value band — so read the rank alongside the band below, not on its own. See the full comparison.

Every rate Indian Bank publishes today

Indian Bank publishes 11 currencies on this sheet, quoting TT (wire transfer), bill (trade documents) and currency notes rates. It does not publish forex travel card or demand draft rates, so those columns are blank below rather than filled in from a neighbouring column. JPY is shown per 100 units, as Indian sheets conventionally quote it.

Recent movement

No change in this bank's TT Selling rates between its two most recent published sheets, for the currencies above. Where the archive holds only one sheet from a bank there is nothing to compare against yet.

How this sheet is collected

Indian Bank publishes a spreadsheet from its Mumbai treasury branch, headed Card Rates for Merchant Business and dated to the day. It is the only source here that arrives as an .xlsx, which is a zip of XML — so it is read with the standard library rather than by adding a spreadsheet dependency.

The address is built from the date, like Federal Bank's, and the host rejects the first request from a fresh client while issuing session cookies with it. Replaying the request with those cookies returns the file, which is ordinary HTTP behaviour rather than anything clever; if the bank ever requires more than that, this bank reports itself unavailable and the other twelve carry on.

This sheet is unusually explicit about itself, which is welcome. It states its own transaction band — valid for transactions up to USD 10,000 or equivalent — and it states its own quoting units: rupees for one unit of foreign currency except the yen, which is quoted per 100. The parser reads that sentence rather than carrying an assumption, and the column headings are checked before any figure behind them is trusted.

Of the five column groups, three map onto rate types compared here: TT, bills and currency notes. Travellers cheques and a buying-only "cheque" column are published but not shown — neither corresponds to a rate type on this site, and guessing would invent a meaning the sheet does not state. The sheet also carries an ACU row, the Asian Clearing Union unit, which simply repeats the dollar figures; it is left out rather than displayed as a second US dollar.

Figures are read from the sheet Indian Bank publishes, so every number here can be checked at source. The method for every bank is set out on the about page, and what each column means is on the reading guide.

Other banks

• State Bank of India
• Bank of Baroda
• Indian Overseas Bank
• ICICI Bank
• HDFC Bank
• Axis Bank
• IDFC FIRST Bank
• Kotak Mahindra Bank
• Federal Bank
• HSBC India
• Punjab National Bank
• Standard Chartered Bank
• Canara Bank

Indicative rates, as Indian Bank states on its own sheet: the rate applied is the one prevailing when an account is debited or credited. See also fees, GST and TCS.