USD ⇄ INR — two-country net worth
A 401(k) in Ohio and a mutual fund folio in Mumbai are not one number until you pick a currency and a rate. This does both, at the live ECB reference rate.
ECB reference rate, latest close · 1 US$ = ₹96.64
Reference rate conversion — a bank or transfer service quotes a margin on top, so the number you would actually receive on a transfer is a little lower. For tracking your own net worth, the reference rate is the right one.
enMoney computes this automatically from the transactions you import — Indian, Australian and US holdings in one ledger, with each regime's own tax rules.
See what enMoney tracksExchange-rate sites convert one amount into another. If your money lives on both sides of the Pacific that is not the question — the question is what you are worth in total, and a rate that moved 3% this quarter changed the answer even though neither balance did.
Which currency you should think in is a real decision, not a preference. If you plan to retire in the US, value everything in dollars and treat the rupee leg as an asset whose dollar value floats. If you plan to move back, the reverse. Most people are genuinely unsure, which is why both totals sit side by side here rather than one being called the answer.
The rate is the ECB reference rate via frankfurter.dev — the mid-market benchmark. Banks and remittance services quote a margin on top, often 1–3%, so money you actually move arrives short of this figure. For valuing what you already hold, the reference rate is the honest yardstick: there is no provider's margin baked into it.
One thing worth knowing if you are a US person with the rupee half of this: those Indian accounts are probably reportable. The FBAR checker works out whether FinCEN Form 114 and Form 8938 are due — the FBAR threshold is only US$10,000 across all foreign accounts combined, which a single NRE balance can pass. And an Indian mutual fund held by a US person is almost always a PFIC, taxed under rules of its own.
The mirror of this page for the other corridor is the INR ⇄ AUD converter.
Frequently asked questions
What is the current USD to INR rate?
The converter fetches the latest ECB reference rate when the page loads — 1 USD is shown in rupees in the rate field. If the fetch fails, type today’s rate yourself; the conversion works the same.
Why is the calculator rate different from what my bank offers on a transfer?
This is the mid-market reference rate — the midpoint at which banks trade with each other. A bank or remittance service adds a margin before quoting you, typically 1–3%, so you receive less than this. The reference rate is the right measure for valuing money you hold, rather than money you are moving.
Should an NRI think of their net worth in dollars or rupees?
In the currency your future spending is in. If you intend to retire in the US, value everything in dollars and accept that the rupee leg moves with the exchange rate. If you intend to move back to India, the reverse. If you are undecided, watch both — which is why this shows both totals at once.
Do I have to report my Indian bank accounts to the IRS?
If you are a US person and your foreign accounts together topped US$10,000 at any point in the year, an FBAR (FinCEN Form 114) is due — and Form 8938 may be too, at higher thresholds. The FBAR threshold is an aggregate across every foreign account and has not changed since 1970, so it is easily crossed. Our FBAR checker works it out.
Does this handle NRE and NRO accounts differently?
No — for a net worth figure a rupee is a rupee, whichever account it sits in. The distinction matters for repatriation limits and Indian tax withholding, not for what you are worth. Add both balances into the rupee side.