Spread analysis.
Tightest to widest, every bank.
A deep dive into how the cohort prices today. Spread map, category-level view across public-sector, private, foreign and small-finance, plus a currency leaderboard and a sample forward-premium curve.
Tightest USD spread
₹0.57
Indian Overseas Bank
Widest USD spread
₹6.70
SBERBANK
Cohort range
11.8×
Best to worst
Banks quoting USD
34
of 38 tracked
Spread map · USD TT
Every bank, ranked from tightest to widest.
Each marker is a bank in our cohort, plotted by today's USD wire (TT) spread. The curve rises from the tightest desk on the left to the widest on the right; banks shift along it as they adjust pricing.
Category view · average USD TT spread
How the cohorts compare for USD.
Average TT spread by category, today. Patterns shift day to day; some categories split bimodally — within-category variance is often as informative as the average.
| Category | N | Avg spread | Range |
|---|---|---|---|
Public Sector Government-owned scheduled commercial banks. | 8 | ₹1.00 | ₹0.57 – ₹1.88 |
Private Privately-owned scheduled commercial banks. | 8 | ₹3.37 | ₹2.75 – ₹4.73 |
Foreign Foreign banks with India branches. | 16 | ₹3.75 | ₹0.94 – ₹6.70 |
Small Finance Small finance banks. | 2 | ₹3.82 | ₹2.89 – ₹4.75 |
Currency leaderboard · today's tightest bank
Who leads each corridor today.
| Currency | Tightest TT | Spread | Widest TT | Spread |
|---|---|---|---|---|
 USDUS Dollar | Indian Overseas Bank | ₹0.57 | Canara Bank | — |
 EUREuro | Indian Overseas Bank | ₹1.07 | Canara Bank | — |
 GBPBritish Pound | Indian Overseas Bank | ₹1.25 | Canara Bank | — |
 AEDUAE Dirham | Union Bank of India | ₹0.21 | Canara Bank | — |
 SGDSingapore Dollar | Indian Overseas Bank | ₹0.80 | Canara Bank | — |
 AUDAustralian Dollar | Doha Bank | ₹0.66 | Canara Bank | — |
 CADCanadian Dollar | Doha Bank | ₹0.67 | Canara Bank | — |
 JPYJapanese Yen | Union Bank of India | ₹0.00 | SBERBANK | ₹7.00 |
 CHFSwiss Franc | Doha Bank | ₹1.18 | Mizuho Bank Limited | ₹8.33 |
 HKDHong Kong Dollar | Union Bank of India | ₹0.10 | IDFC First Bank | ₹0.88 |
 SARSaudi Riyal | Bank of Baroda | ₹0.50 | ESAF Small Finance Bank | ₹2.80 |
 THBThai Baht | Deutsche Bank | ₹10.00 | Axis Bank | ₹53.00 |
USD / INR · forward premia
Today's forwards · dealer quote vs FBIL benchmark
Dealer quotes are live; the FBIL official curve runs on a 9-day public-mirror delay. The gap (bps) tells you how much tighter or wider the dealer is than the most recent published benchmark — useful context when you're about to execute.
Dealer figures are representative card-rate quotes from one liquidity provider — executable rates may differ. FBIL forward premia (Financial Benchmarks India) are the RBI-recognised reference curve, published with a public-mirror lag. Forward rate ≈ spot × (1 + ARR% × tenor in months / 12).
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