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
₹5.76
Standard Chartered Bank India
Cohort range
10.1×
Best to worst
Banks quoting USD
20
of 20 tracked
Spread map · USD TT
Every bank on one line.
Each dot is a bank in our cohort, plotted by today's USD wire (TT) spread. Color codes the category. Banks closer to the left are quoting tightest; banks closer to the right are quoting widest. Banks shift along this line as they adjust pricing.
Category view · average USD TT spread
How the cohorts compare.
Average TT spread by category, today. Patterns vary day to day; foreign banks split bimodally, some compete with public-sector treasury desks, others sit at the wider end of the cohort.
| Category | N | Avg spread | Range |
|---|---|---|---|
Public Sector Government-owned scheduled commercial banks. | 8 | ₹0.94 | ₹0.57 – ₹1.91 |
Private Privately-owned scheduled commercial banks. | 7 | ₹3.48 | ₹3.00 – ₹4.82 |
Small Finance Small finance banks. | 2 | ₹3.84 | ₹2.89 – ₹4.79 |
Foreign Foreign banks with India branches. | 3 | ₹4.89 | ₹3.66 – ₹5.76 |
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 | Standard Chartered Bank India | ₹5.76 |
 EUREuro | Indian Overseas Bank | ₹1.13 | Standard Chartered Bank India | ₹6.76 |
 GBPBritish Pound | Indian Overseas Bank | ₹1.30 | Standard Chartered Bank India | ₹7.83 |
 AEDUAE Dirham | Union Bank of India | ₹0.22 | SBM Bank India | ₹3.13 |
 SGDSingapore Dollar | Indian Overseas Bank | ₹0.83 | Standard Chartered Bank India | ₹4.56 |
 AUDAustralian Dollar | Indian Overseas Bank | ₹0.76 | Ujjivan Small Finance Bank | ₹5.09 |
 CADCanadian Dollar | Indian Overseas Bank | ₹0.76 | SBM Bank India | ₹4.88 |
 JPYJapanese Yen | Indian Overseas Bank | ₹0.66 | HDFC Bank | ₹4.76 |
 CHFSwiss Franc | Indian Overseas Bank | ₹1.35 | Standard Chartered Bank India | ₹7.44 |
 HKDHong Kong Dollar | Union Bank of India | ₹0.10 | Kotak Mahindra Bank | ₹0.94 |
 SARSaudi Riyal | Union Bank of India | ₹0.48 | ESAF Small Finance Bank | ₹2.12 |
 THBThai Baht | Standard Chartered Bank India | ₹0.18 | State Bank of India | ₹43.00 |
Forward premium curve · sample
What the curve looks like.
A forward premium quote tells you how the market expects a currency to move against the rupee over a tenor. The shape below is illustrative, it shows the structure of a typical curve, not any single bank's quote. Forward rate ≈ spot × (1 + ARR% × tenor in months / 12).
USD / INR
sample
EUR / INR
sample
GBP / INR
sample
Forwards on individual currencies vary by bank, tenor and liquidity. If you have a known exposure, talk to your bank's treasury desk for an executable forward.
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