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USD/INR bank rates,
side by side.
Today's US Dollar buy and sell quotes from every Indian bank in our cohort. TT, bills, travel card and currency-note channels, the mid-market benchmark and the per-bank spread, all in one place.
Bank quotes
Every bank quoting USD today.
Tightest spread
₹0.57
0.60% of mid
Widest spread
₹6.16
6.50% of mid
Range
10.8×
best to worst
Banks quoting
23
of 35 tracked
| Bank | Band | Buy | Sell | Spread | % of mid | As of |
|---|---|---|---|---|---|---|
 Indian Overseas BankPublic Sector | Tight | 94.4800 | 95.0500 | ₹0.57 | 0.60% | 16 Oct |
 Punjab National BankPublic Sector | Tight | 94.6900 | 95.3900 | ₹0.70 | 0.74% | 16 Oct14:00 |
 State Bank of IndiaPublic Sector | Tight | 94.5500 | 95.4000 | ₹0.85 | 0.89% | 16 Oct13:15 |
 PT Bank Maybank Indonesia TBKForeign | Tight | 94.2900 | 95.2400 | ₹0.95 | 1.00% | 16 Oct00:00 |
 MashreqBankForeign | Tight | 94.2762 | 95.2338 | ₹0.96 | 1.01% | 16 Oct00:00 |
 Bank of BarodaPublic Sector | Tight | 94.4000 | 95.4300 | ₹1.03 | 1.09% | 16 Oct |
 UCO BankPublic Sector | Narrow | 93.7600 | 95.6500 | ₹1.89 | 2.00% | 16 Oct |
 KEB Hana BankForeign | Narrow | 93.9906 | 95.8894 | ₹1.90 | 2.00% | 16 Oct14:39 |
 IndusInd BankPrivate | Standard | 93.1900 | 96.1900 | ₹3.00 | 3.17% | 16 Oct09:57 |
 Kotak Mahindra BankPrivate | Standard | 93.1300 | 96.4000 | ₹3.27 | 3.45% | 16 Oct09:00 |
 Axis BankPrivate | Standard | 93.1200 | 96.4100 | ₹3.29 | 3.47% | 16 Oct09:18 |
 Deutsche BankForeign | Standard | 93.0800 | 96.3800 | ₹3.30 | 3.48% | 16 Oct00:00 |
 HDFC BankPrivate | Standard | 93.2700 | 96.6700 | ₹3.40 | 3.58% | 16 Oct12:22 |
 IDFC First BankPrivate | Standard | 93.0600 | 96.4900 | ₹3.43 | 3.62% | 16 Oct09:08 |
 HSBC BankForeign | Standard | 92.9100 | 96.5300 | ₹3.62 | 3.82% | 16 Oct10:00 |
 Mizuho Bank LimitedForeign | Standard | 92.9200 | 96.5400 | ₹3.62 | 3.82% | 16 Oct09:15 |
 Emirates NBD BankForeign | Standard | 93.1557 | 96.8711 | ₹3.72 | 3.91% | 16 Oct14:00 |
 Citibank N.A.Foreign | Standard | 92.8778 | 96.7028 | ₹3.83 | 4.04% | 16 Oct09:05 |
 JP Morgan Chase Bank N.A.Foreign | Wide | 92.6400 | 96.9000 | ₹4.26 | 4.50% | 16 Oct00:00 |
 MUFG Bank, Ltd.Foreign | Wide | 92.5900 | 96.8500 | ₹4.26 | 4.50% | 16 Oct09:50 |
 RBL BankPrivate | Wide | 92.3900 | 97.1500 | ₹4.76 | 5.02% | 16 Oct09:00 |
 SBM BankForeign | Wide | 92.1650 | 97.3750 | ₹5.21 | 5.50% | 16 Oct09:29 |
 ANZ BankForeign | Wide | 91.6300 | 97.7900 | ₹6.16 | 6.50% | 16 Oct09:01 |
 Canara BankPublic Sector | — | — | — | — | — | 16 Oct |
11 banks are hidden — their last published USD quote is more than a day old, so it is no longer a reliable current price.
What this means
On a ₹1,00,000 USD TT (wire) ticket today, the tightest-quoting bank costs ₹301 vs. ₹3,252 at the widest, a ₹2,951 difference for the same trade.
How the bands work
Each bank's TT spread (sell − buy as % of mid) is bucketed into four bands. Bands shift as banks adjust pricing, a bank's position today isn't a permanent classification. Bands are empirical, not advisory.
Tight
≤ 1.4%
Smallest gap between buy and sell.
Narrow
1.4 to 3.0%
Tighter than the cohort average.
Standard
3.0 to 4.4%
Around the cohort average.
Wide
> 4.4%
Widest end of today's cohort.
Per-bank transaction bandsBanks publish rates for tickets within a size band, talk to the branch for the rest.+
USD/INR rates · frequently asked
Other currencies
Compare another corridor across the same cohort.
talk to capera
Turn this gap into a saving.
Indian banks publish a card rate; treasury desks negotiate underneath it. For a single sized USD transaction or a recurring monthly flow, we'll walk through today's market with you and help you pick the right counterparty.
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