₹ Indian Rupee
Currency Code: INR
Currency of India. Major currency in South Asian trade and remittances.
Issuing Authority
Reserve Bank of India (RBI)
Key Features
Largest Population
Serves 1.4B+ people. Major emerging market currency.
Tech Hub Currency
Currency of India's growing tech and business process sectors.
Services Export Hub
India IT, BPO and pharma exports drive high inbound INR settlement volume.
Growing Economy
India's economy rapidly growing. INR strength improving.
Popular Corridors
US → India
UK → India
UAE → India
Singapore → India
Frequently Asked Questions
What is the INR/USD rate?
Approximately ₹80-85 = $1 USD. RBI influences rate.
How do businesses pay Indian suppliers?
NEFT and RTGS direct to the beneficiary corporate account, with FIRC documentation available.
Is INR expected to strengthen?
India's growth supports INR strength. Long-term appreciation likely.
What are inbound remittance limits?
No formal limits. RBI monitors for suspicious patterns.
Do we need FIRC documentation?
Yes for export receipts. FIRC or FIRA is issued to support your RBI and GST filings.