Best INR to USD Forex Rates: What the major banks are offering right now; SBI, HDFC, Axis Bank and more
Major Indian banks and travel aggregators provide different foreign exchange rates. Check these rates, effective from 7 August 2026.
Whether you are sending money abroad or buying foreign currency for an upcoming trip, the rate you receive varies significantly depending on where you transact. Banks, travel aggregators and money changers all offer different rates. Even a small difference per dollar can add up meaningfully on larger transactions.
Here is a complete breakdown of INR-to-USD forex rates from major Indian banks and travel aggregators. This has been compiled by Mint Money from respective bank websites as of 10 August 2026. These rates are effective as of 7 August 2026.
SBI is offering an inward wire transfer rate of ₹94.90 and an outward rate of ₹95.75 per dollar. For those looking to buy forex, the travel card rate stands at ₹95.92 while cash purchases are available at ₹96.30.
Bank of Baroda offers an inward wire transfer rate of ₹94.78 and an outward rate of ₹95.73. The forex and travel card rate is ₹96.20. Cash can be purchased at ₹96.70 per dollar.
Canara Bank offers an inward wire transfer rate of ₹94.90 and an outward rate of ₹95.66. The travel card rate is ₹95.90 per dollar. Cash purchase rates are currently not available from this bank.
Kotak Bank offers an inward wire transfer rate of ₹93.64 and an outward rate of ₹96.90. For buying forex, the travel card rate is ₹97.35. The cash rate, on the other hand, is ₹97.99. That makes it one of the higher-priced options for cash purchases on this list.
Punjab National Bank (PNB) is offering an inward wire transfer rate of ₹94.88 and an outward rate of ₹95.58. The forex travel card rate sits at ₹95.33. And, cash is available at ₹96.32 per dollar.
HDFC Bank offers an inward wire transfer rate of ₹93.47 and an outward rate of ₹96.90. The travel card rate for buying forex is ₹97.18. Cash purchases are available at ₹97.69 per dollar.
ICICI Bank offers an inward wire transfer rate of ₹93.51 and an outward rate of ₹96.63. The travel card rate is ₹97.01, and cash is available at ₹97.11 per dollar. That makes the two buying options relatively close.
Axis Bank offers an inward wire transfer rate of ₹93.59 and an outward rate of ₹96.88. Travel card rates are currently not available from Axis. But, cash purchases can be made at ₹97.14 per dollar.
Union Bank is offering a wire transfer inward rate of ₹94.96, the highest inward rate on this list, and an outward rate of ₹95.62. Travel card rates are not available. But, cash can be purchased at ₹96.64 per dollar.
Thomas Cook, the only non-bank on this list, does not currently offer wire transfer inward rates. Its outward wire transfer rate is ₹96.92, the highest among all the players listed here. The travel card rate is ₹95.52, and cash is available at ₹96.44 per dollar.
About the Author
Sounak Mukhopadhyay covers trending news, sports and entertainment for LiveMint. His reporting focuses on fast-moving stories, box office performance, digital culture and major cricket developments. He combines real-time updates with clear context for everyday readers. <br><br> Sounak brings newsroom experience across breaking news, explainers and long-form features. He has a strong emphasis on accuracy, verification and responsible storytelling. His work tracks audience behaviour, celebrity influence and the business of sport and cinema. He helps readers understand why a story matters beyond the headline. <br><br> Sounak has contributed to widely read digital publications. He continues to build a body of journalism shaped by consistency, speed and editorial clarity. He is particularly interested in the intersection of media, popular culture and public conversation in contemporary India. <br><br> At LiveMint, he writes daily coverage as well as analytical pieces that interpret numbers, trends and cultural moments in accessible language. His approach prioritises factual depth, balanced framing and reader trust. The reporting aligns with modern newsroom standards of transparency and credibility. <br><br> Outside daily reporting, he explores storytelling across formats including podcasts, filmmaking and narrative non-fiction. Through his journalism, Sounak aims to document the rhythms of modern entertainment and sports while maintaining rigorous editorial integrity. <br><br> Sounak continues to develop audience-focused journalism that connects speed with substance in a rapidly-changing information environment. His work seeks clarity, trust and lasting public value in every story he reports.
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