INR black market rate on Sep 28, 2026: 103.87 per USD
On Monday, September 28, 2026, the US dollar traded at about 103.87 INR on India's parallel (black) market at the close of observations. The day opened at 103.01 INR, reached a high of 104.61 and a low of 103.01, a trading range of 1.61 INR (1.56%).
Across 288 observations, the average price to buy dollars was 103.86 INR and the average price received when selling dollars was 104.79 INR. Over the session the Indian Rupee weakened against the dollar (+0.83% from open to close).
Official rate vs black market rate on Sep 28, 2026
The official exchange rate published for India on this date was 95.93 INR per USD. The parallel-market close of 103.87 INR therefore implied a premium of +8.27% over the official rate — a moderate gap consistent with limited but functioning official access to foreign exchange.
How Sep 28, 2026 compares
Compared with the previous observed day (Sep 27, 2026, close 103.01 INR), the rate moved +0.83%.
One week earlier (Sep 21, 2026) the close was 102.12 INR, so the weekly change was +1.71%.
Thirty days earlier (Aug 29, 2026) the close was 102.11 INR, a +1.72% move over the month.
How this daily figure is produced
ETCurrency samples India's USD/INR parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Sep 28, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Indian Rupee black market rate on Sep 28, 2026?
- The USD to INR parallel market rate closed at approximately 103.87 INR per US dollar on Monday, September 28, 2026, after trading between 103.01 and 104.61 INR.
- How much did the INR move against the dollar that day?
- From an open of 103.01 to a close of 103.87 INR, the parallel rate moved +0.83% on Sep 28, 2026.
- What was the gap between the official and black market INR rate on that date?
- The official rate was 95.93 INR per USD versus a parallel close of 103.87 INR, a premium of +8.27%.
- Was the INR black market rate higher or lower than the day before?
- Higher: the previous observed close was 103.01 INR on Sep 27, 2026, a change of +0.83%.
Figures are aggregated parallel-market observations for India in UTC and are indicative only; they are not a quote to trade. See the full USD → Indian Rupee history or today's live rate.