USD to INR Exchange Rate History — India
Over the past 90 days, the USD to Indian Rupee parallel (black market) rate moved from about 103.31 INR on Jul 20, 2026 to 103.1 INR on Jul 21, 2026 — a change of -0.2%. Across that window the Indian Rupee held broadly steady against the dollar, trading between a low of 102.73 and a high of 103.62 INR, averaging 103.09 INR per US dollar.
The rupee is largely market-determined on the current account, so India's informal-market gap is small and mostly tied to cash and hawala flows.
How to read the INR rate history
The chart plots the parallel buy rate — how many INR it took to buy one US dollar — at each point we recorded. The daily table below lists the closing buy and sell rate for each day, while the monthly table summarises the average, high and low for each month, which is useful for comparing one period with another.
A rising line means the Indian Rupee is losing value (more INR per dollar); a falling line means it is gaining. Over this window the spread between the high (103.62) and the low (102.73) shows how volatile the market has been — here, roughly 0.2% around the average.
What has moved the Indian Rupee recently?
In India, the parallel rate is driven by factors such as current-account convertibility limits, global risk sentiment, oil-import demand. When dollars become scarcer or confidence falls, the street rate climbs ahead of the official Reserve Bank of India (RBI) rate; when supply improves or policy tightens, the gap can narrow again.
Because the parallel rate often moves before official devaluations, its history is a useful early-warning record — a steadily rising trend frequently precedes an official adjustment, while a long plateau suggests relative stability.
Using historical INR rates
Historical rates help with budgeting, invoicing, remittance planning and spotting trends, but they are not a forecast — past movements do not guarantee future ones. For the live rate, see our main USD to INR page, and use the converter for exact amounts.
All figures are aggregated from P2P platforms, community reports and market monitoring, then refreshed hourly. They are provided for information and price-transparency only and are not financial advice.