For Indian importers, exporters & SMB treasuries
Forward Rate Checker.
Is your bank overpricing your forward? Type its quote below and we'll show you, in rupees per dollar, how it compares to the official market benchmark for today.
USD/INR spot
₹94.5410
per USD, mid-market
How long until your settlement date.
Per USD, all-in.
USD notional, for total ₹ impact.
Waiting for your bank's quote
The fair forward for 3 months today is ₹95.2958 per USD. Enter what your bank is offering you to see the gap.
Common questions
What is a forward rate?
A forward locks today the exchange rate for a settlement on a future date. It is the spot rate adjusted for the interest-rate difference between the two currencies, quoted as a premium or discount.
How do I tell if my bank's forward quote is fair?
Compare it against the official market benchmark for the same maturity. The gap between the two is the bank's margin, and this tool shows that gap.
Why do importers and exporters book forwards?
To fix the rupee cost or receipt of a future foreign-currency payment, so a move in USD/INR does not eat into the margin on the underlying trade.