Currency pair · cross of two ECB reference rates

What is the USD/INR reference rate and how has it moved?

The USD/INR reference rate was 94.9649 on 16 Oct 2026: one USD was worth 94.9649 INR. That is 8.0% above a year earlier and 79% of the way up its 52-week range. Annualised volatility over the year was 5.4%.

USD/INR · 16 Oct 2026: 94.9649Previous fixing 95.0578 (15 Oct 2026) · ▼ −0.10%
12-month change: ▲ +8.0%from 87.9273 on 16 Oct 2025
52-week range: 87.8040–96.8250low 24 Oct 2025 · high 20 May 2026
Volatility, 1 yr: 5.4%annualised; full-year average since 2016: 4.6%

The past twelve months

Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

Over the past year USD/INR has been livelier than usual: 5.4% annualised volatility against a 4.6% average for full calendar years since 2016. Its calmest full year was 2024 (1.6%) and its busiest 2018 (6.8%).
Since 4 Jan 2016 the rate has ranged from 63.3699 (5 Jan 2018) to 96.8250 (20 May 2026). Today's fixing is higher than 96% of the 2,763 daily fixings in that period.
Five years ago, on 15 Oct 2021, the fixing was 74.9586, so the rate is 26.7% above that level. Over one month it is ▼ −1.04% (from 95.9643 on 16 Sept 2026).
The largest single-day move of the past year was on 3 Feb 2026: 91.5684 → 90.1373 (▼ −1.56%).
Read the other way round, 1 INR was worth 0.01053 USD on 16 Oct 2026 (INR/USD).

How is the USD/INR figure on this page produced?

The ECB does not publish USD/INR; it publishes each currency against the euro. The cross is the ratio of the two: INR per euro ÷ USD per euro = 106.864 ÷ 1.12530 = 94.9649 on 16 Oct 2026. Because both legs are fixed at the same moment, the cross is internally consistent, but it can differ slightly from a market quote at 14:10 CET. See how to calculate a cross rate.

Year by year

USD/INR yearly close, change, high, low, average and volatility
Year	Close	Change	High	Low	Average	Vol.
2026 to date	94.9649	▲ +5.7%	96.8250 20 May	89.8524 7 Jan	94.0776	4.9%
2025	89.8694	▲ +5.0%	90.9214 16 Dec	84.2947 5 May	87.1661	4.5%
2024	85.6035	▲ +2.9%	85.6035 31 Dec	82.7173 7 Mar	83.6679	1.6%
2023	83.1715	▲ +0.6%	83.4068 8 Dec	81.1168 20 Jan	82.5919	3.1%
2022	82.6655	▲ +11.2%	83.0390 19 Oct	73.8780 11 Jan	78.6276	5.2%
2021	74.3680	▲ +1.8%	76.3936 15 Dec	72.3497 24 Feb	73.9449	4.8%
2020	73.0670	▲ +2.4%	76.9364 21 Apr	70.7974 15 Jan	74.1083	6.0%
2019	71.3788	▲ +2.5%	72.4120 3 Sept	68.3646 11 Jul	70.4273	5.5%
2018	69.6330	▲ +9.0%	74.4066 9 Oct	63.3699 5 Jan	68.4484	6.8%
2017	63.8752	▼ −6.0%	68.3914 11 Jan	63.6194 4 Aug	65.1289	4.2%
2016	67.9191	—	68.8750 25 Feb	66.1050 4 Apr	67.1976	4.6%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

Date	From	To	Move
10 Dec 2018	70.8020	72.4100	▲ +2.27%
26 Feb 2021	72.6331	73.9020	▲ +1.75%
13 Aug 2018	68.8303	70.0171	▲ +1.72%
5 Aug 2019	69.6380	70.7860	▲ +1.65%
26 Mar 2020	76.3822	75.1612	▼ −1.60%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources

European Central Bank — euro foreign exchange reference rates (series EXR.D.USD+INR.EUR.SP00.A, retrieved 16 Oct 2026 via the ECB Data Portal).
Method for crosses, ranges and volatility: methodology.