» Welcome to Currency Converter Calculator      

Indian Rupee (INR) Exchange Rates on 16th January 2025 (16/01/2025)

Enter the amount you want to convert, select the second currency and hit 'Enter' or click outside the area.



Exchange rates for Indian Rupee (INR)

Updated: 2025-01-16
Convert from Convert to 1 INR Conversion in currency Conversion
INR INR GBP GBP 0.0095 INR to GBP 105.6522 GBP to INR
INR INR BGN BGN 0.022 INR to BGN 45.4675 BGN to INR
INR INR HRK HRK 0.0854 INR to HRK 11.7161 HRK to INR
INR INR CZK CZK 0.2837 INR to CZK 3.5253 CZK to INR
INR INR DKK DKK 0.0839 INR to DKK 11.9236 DKK to INR
INR INR EEK EEK 0 INR to EEK 0 EEK to INR
INR INR HUF HUF 4.6266 INR to HUF 0.2161 HUF to INR
INR INR KZT KZT 6.1407 INR to KZT 0.1628 KZT to INR
INR INR LVL LVL 0.007 INR to LVL 142.934 LVL to INR
INR INR LTL LTL 0 INR to LTL 0 LTL to INR
INR INR MKD MKD 0.6914 INR to MKD 1.4463 MKD to INR
INR INR MDL MDL 0.2175 INR to MDL 4.5986 MDL to INR
INR INR NOK NOK 0.1311 INR to NOK 7.6265 NOK to INR
INR INR PLN PLN 0.0479 INR to PLN 20.8842 PLN to INR
INR INR RON RON 0.0559 INR to RON 17.8872 RON to INR
INR INR RUB RUB 1.1855 INR to RUB 0.8435 RUB to INR
INR INR SKK SKK 0 INR to SKK 0 SKK to INR
INR INR SEK SEK 0.1291 INR to SEK 7.7477 SEK to INR
INR INR CHF CHF 0.0106 INR to CHF 94.7613 CHF to INR
INR INR TRY TRY 0.4104 INR to TRY 2.4367 TRY to INR
INR INR UAH UAH 0.4895 INR to UAH 2.0429 UAH to INR
Updated: 2025-01-16
Convert from Convert to 1 INR Conversion in currency Conversion
INR INR ARS ARS 12.0375 INR to ARS 0.0831 ARS to INR
INR INR BOB BOB 0.08 INR to BOB 12.4984 BOB to INR
INR INR BRL BRL 0.0696 INR to BRL 14.378 BRL to INR
INR INR CAD CAD 0.0166 INR to CAD 60.2351 CAD to INR
INR INR KYD KYD 0.0096 INR to KYD 103.6389 KYD to INR
INR INR CLP CLP 11.6354 INR to CLP 0.0859 CLP to INR
INR INR COP COP 49.7683 INR to COP 0.0201 COP to INR
INR INR CRC CRC 5.8181 INR to CRC 0.1719 CRC to INR
INR INR DOP DOP 0.7113 INR to DOP 1.4059 DOP to INR
INR INR SVC SVC 0.1013 INR to SVC 9.8706 SVC to INR
INR INR FJD FJD 0.0269 INR to FJD 37.1588 FJD to INR
INR INR HNL HNL 0.2945 INR to HNL 3.3951 HNL to INR
INR INR JMD JMD 1.8099 INR to JMD 0.5525 JMD to INR
INR INR MXN MXN 0.2372 INR to MXN 4.2159 MXN to INR
INR INR ANG ANG 0.0209 INR to ANG 47.9199 ANG to INR
INR INR PYG PYG 91.3626 INR to PYG 0.0109 PYG to INR
INR INR PEN PEN 0.0437 INR to PEN 22.8927 PEN to INR
INR INR TTD TTD 0.0787 INR to TTD 12.7127 TTD to INR
INR INR USD USD 0.0116 INR to USD 86.4595 USD to INR
INR INR UYU UYU 0.5105 INR to UYU 1.9587 UYU to INR
INR INR VEF VEF 41947.4135 INR to VEF 0 VEF to INR
Updated: 2025-01-16
Convert from Convert to 1 INR Conversion in currency Conversion
INR INR AUD AUD 0.0186 INR to AUD 53.6635 AUD to INR
INR INR BDT BDT 1.4098 INR to BDT 0.7093 BDT to INR
INR INR BND BND 0.0158 INR to BND 63.1529 BND to INR
INR INR CNY CNY 0.0848 INR to CNY 11.7927 CNY to INR
INR INR INR INR 1 INR to INR 1 INR to INR
INR INR IDR IDR 189.6942 INR to IDR 0.0053 IDR to INR
INR INR JPY JPY 1.8027 INR to JPY 0.5547 JPY to INR
INR INR MYR MYR 0.052 INR to MYR 19.2261 MYR to INR
INR INR MVR MVR 0.1781 INR to MVR 5.6161 MVR to INR
INR INR NPR NPR 1.6011 INR to NPR 0.6246 NPR to INR
INR INR NZD NZD 0.0206 INR to NZD 48.4864 NZD to INR
INR INR PKR PKR 3.2245 INR to PKR 0.3101 PKR to INR
INR INR PGK PGK 0.0471 INR to PGK 21.2123 PGK to INR
INR INR PHP PHP 0.6763 INR to PHP 1.4787 PHP to INR
INR INR SCR SCR 0.167 INR to SCR 5.9872 SCR to INR
INR INR SGD SGD 0.0158 INR to SGD 63.206 SGD to INR
INR INR KRW KRW 16.8481 INR to KRW 0.0594 KRW to INR
INR INR LKR LKR 3.4231 INR to LKR 0.2921 LKR to INR
INR INR TWD TWD 0.3811 INR to TWD 2.6237 TWD to INR
INR INR THB THB 0.4 INR to THB 2.5003 THB to INR
Updated: 2025-01-16
Convert from Convert to 1 INR Conversion in currency Conversion
INR INR BHD BHD 0.0044 INR to BHD 229.3615 BHD to INR
INR INR EGP EGP 0.5833 INR to EGP 1.7143 EGP to INR
INR INR HKD HKD 0.0901 INR to HKD 11.1018 HKD to INR
INR INR ILS ILS 0.0417 INR to ILS 23.9689 ILS to INR
INR INR JOD JOD 0.0082 INR to JOD 121.8772 JOD to INR
INR INR KWD KWD 0.0036 INR to KWD 280.2847 KWD to INR
INR INR LBP LBP 1036.9167 INR to LBP 0.001 LBP to INR
INR INR OMR OMR 0.0045 INR to OMR 224.568 OMR to INR
INR INR QAR QAR 0.0422 INR to QAR 23.6901 QAR to INR
INR INR SAR SAR 0.0434 INR to SAR 23.0374 SAR to INR
INR INR AED AED 0.0425 INR to AED 23.5394 AED to INR
INR INR YER YER 2.8811 INR to YER 0.3471 YER to INR
Updated: 2025-01-16
Convert from Convert to 1 INR Conversion in currency Conversion
INR INR DZD DZD 1.5705 INR to DZD 0.6368 DZD to INR
INR INR KES KES 1.4995 INR to KES 0.6669 KES to INR
INR INR MUR MUR 0.5422 INR to MUR 1.8443 MUR to INR
INR INR MAD MAD 0.1165 INR to MAD 8.585 MAD to INR
INR INR NAD NAD 0.2188 INR to NAD 4.5699 NAD to INR
INR INR NIO NIO 0.4261 INR to NIO 2.3467 NIO to INR
INR INR NGN NGN 17.9872 INR to NGN 0.0556 NGN to INR
INR INR SLL SLL 242.5355 INR to SLL 0.0041 SLL to INR
INR INR ZAR ZAR 0.2176 INR to ZAR 4.5959 ZAR to INR
INR INR TZS TZS 29.1467 INR to TZS 0.0343 TZS to INR
INR INR TND TND 0.0372 INR to TND 26.917 TND to INR
INR INR UGX UGX 42.7704 INR to UGX 0.0234 UGX to INR
INR INR XOF XOF 7.3733 INR to XOF 0.1356 XOF to INR
INR INR ZMK ZMK 104.1091 INR to ZMK 0.0096 ZMK to INR

Indian Rupee (INR)

Sign ₹
1 Rupee is subdivided into 100 paise.

INR is the currency code for the Indian rupee which is represented with the accounting symbol ₹. The monetary policy and issuance of the rupee is controlled by the Reserve Bank of India (RBI) and the rupee is the official currency of the Republic of India. The rupee is the 15th most traded currency by value and it is not widely held by other countries as a reserve currency. The RBI holds over $302.1 billion USD in reserves and was first established in 1934.

Coins used:
- frequently used: ₹1, ₹2, ₹5, 10p, 20p, 50p, �1, �2
- rarely used: ₹10, ₹20, ₹25, ₹50

Banknotes used:
- frequently used: ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, ₹1000
- rarely used: ₹1, ₹2

Central Bank
Reserve Bank of India
http://www.rbi.org.in
While established as a privately owned central bank it was nationalized in 1949 and subjected to a governing organization of 20 Board of Directors, a Governor, four Deputy governors, a single representative from the India Ministry of Finance, ten additional directors placed by the Government each representing different economic issues and interests, four directors representing four local directorates within Kolkata, New Delhi, Chennai, and Mumbai and an additional plethora of local boards from different regions overseeing smaller localized banks and finance issues.

This large structure was first established in 1935 with the mandate of monetary stability, currency control and issuance, as well as maintaining reserves, operating currency and credit for the good of the Republic of India. The RBI also served as the central bank for Pakistan until 1948 when the State Bank of Pakistan was established. In the 1950's the Government directed the RBI to focus INR policy toward agricultural development and the government nationalized all commercial banks under a central planning system. In response to failing banks during this decade the RBI formed a deposit insurance system, and the RBI played a central role in further nationalization and advocating a dispersed development bank system. Over the following decades the RBI itself controlled the INR and underlying finance economy through a series of strict monetary policies, nationalizations, and central control directives aimed at economic growth.

By 1991 these plans came to a halt and the INR went through devaluation where it lost 18% of value against the USD. By 1993 new guidelines and finance structures were developed, including a private banking system, deregulation of the financial markets, property markets, and a decrease of central government economic control. At the same time the National Stock Exchange of India was established and began trading which allowed RBI banks and private banks increased access to capital markets, thus supporting valuations and the structure of the INR as a currency. In its current state the RBI has as its central mandate price stability as well as ensuring credit availability to business and sectors of the economy that are contributing productively to GDP.

The value of the INR has an interesting story as it was originally held to a silver standard while at the same time most world banks were one version or another of the gold standard. This became a problem when in the 19th century the price of silver dropped significantly compared to gold because large deposits of silver were being found in both the United States and Europe. This in effect devalued the INR significantly relatively to other world currencies pegged to gold, a single event where had it been the reverse and gold dropped below silver, would have significantly changed the landscape of the economy of India. But as it was, the drop in silver without the corresponding drop in gold devalued the INR significantly making it difficult for India to purchase goods in world markets. This silver standard was adhered to by the RBI in spite of many efforts by outside forces to convert the INR to a gold based currency. Over time all efforts at this conversion failed and the INR remained a silver standard currency until the late 20th century when the INR became a floating currency pegged to a basket of goods and currencies.

While the INR does have this exchange rate based on a basket of goods and currencies, its market value in practice is oftentimes tied directly to the USD/INR currency pair, giving the market a real time exchange rate independent of the RBI controlled rate. This currency pair is widely used and as a result has developed into a type of managed float for the INR relative to the USD. This occurs with other major currencies, but the RBI has proactively attempted at times to separate the INR from the USD, with each attempt failing due to the underlying mandate of the RBI as price stability and low volatility, not the way in which the INR interacts with other currencies.

For many years the differentiation in parsing the circulated INR was not consistent with the decimal system in use by most major currencies. This issue was compounded by the fact that in India the names for different numbers within the decimal system are not the same as in English and other languages nor do they take the same increasingly logical progression using standardized decimal terminology. This has led many currency and business traders dealing with the INR with convoluted contracts where presumptions as to definitions have led to countless disagreements. While the decimalization of the INR occurred in 1957, the language and writing differences remain difficult for the uninformed to understand. In India any number larger than one hundred thousand rupee are referred to as lakhs and crores where one lakh is equal to one hundred thousand and one crore is equal to ten million. This confusion is compounded with each comma in the numbering system not being a factor of three, but a factor of that numerical category. This particular decimalization should be studied by anyone trading the INR or doing international trade using the INR.

This problem of numeric consistency, decimalization, the RBI attempts at control of exchange rates, and the Government if India's insistence on not fully letting go of a centrally planned and controlled economy has inhibited the growth and acceptance of the INR worldwide. These policies and central government attempts at intervention are reducing with each successive year as the government accepts the efficiencies of the open market and further releases their growth inhibiting central planning and control mechanisms. Over time, this further adoption of the free market will likely propel the INR to increasingly important levels of importance in worldwide markets as the underlying productivity of the Indian economy is allowed to continue its solid path of growth under the freedom of increasingly free markets.

Other References
Wikipedia article on Indian Rupee

Have more info on the Indian Rupee? Please contact us