INR to USD – Indian Rupee to US Dollar Currency Converter

Free Currency Calculator

The Indian rupee (INR) is the official currency of India. It is officially divided into 100 paise, but in practice the rupee is divided into 100 paise. This page covers INR to USD exchange rates and how to convert INR to USD.

The rate between INR and USD varies substantially during the year due to several factors like volatility of forex rates, currency fluctuations and other factors. The value of money also depends on many other factors like inflation, economic growth and government policies.

This is a free currency calculator tool that allows you to convert Indian Rupees (INR) to US Dollars (USD).

Here’s what you can do with our currency converter: Enter the amount of rupees you want to convert (in INR or in another currency). The change will be rounded up to nearest US Dollar and cents and displayed.

INR to USD Currency Conversion

The rupee is divided into 100 paise and coins are issued in denominations of 1 paise (₹), 5 paise (₹), 10 paise (₹), 25 paise (₹), 50 paise (₹), 100 paise (₹), 500 paise (₹), 1000 paise (₹) and 5000 paise (₹).

The Reserve Bank of India is the Central Bank of India and is responsible for issuing their bank notes and coins.

Peak Indian Rupee Exchange Rates

If you are visiting India, it’s best to get a clear idea in advance of the value of their coins and bank notes as you don’t want to have to calculate it every time you buy something.

Financial Connection Between USA and India

INR to USD Exchange Rate History

The rupee was first introduced in 1947 as a successor to the earlier note system introduced after independence which had been replaced with a currency board system established by the Reserve Bank of India in 1946 during the British colonial rule prior to independence from Britain in 1947 after World War II.

In 1948, following financial liberalization measures taken by Indian government under Jawaharlal Nehru, coins were introduced too

Indian Rupees to American Dollars

The rupee makes transactions cheaper than many other currencies, allowing people to send money quickly to people in other countries without having to convert it back into local currency first. It also makes transactions cheaper than using foreign currencies with a high commission charged by a bank for making cash deposits.

However, this can be costly if there are large amounts involved because of high commission rates paid by banks on each transaction made using rupees; this is similar to buying foreign currencies at a high price through banks or foreign exchange brokers due to commissions charged by these companies on each transaction made using their forex services.