RemitFee

TT Buying · TT Selling · updated 9 Oct 2026

Indian Overseas Bank logo

Indian Overseas Bank Forex Rates Today

The telegraphic-transfer (TT) rates Indian Overseas Bank applies to SWIFT remittances — TT Selling when you send money abroad, TT Buying when you receive it — for all 15 currencies it quotes, with the change since earlier refreshes and a 90-day trend. Forex-card and cash rates are different columns and are not shown.

Source: Indian Overseas Bank Forex Card Rates page. INR per 1 unit. The bank quotes JPY and LKR per 100 units on its sheet; RemitFee shows every rate per 1 unit.

USD · TT Selling

₹96.8900

+0.6700 since 2 Oct

GBP · TT Selling

₹128.4900

+0.7000 since 2 Oct

EUR · TT Selling

₹108.9800

−0.2100 since 2 Oct

AED · TT Selling

₹26.4800

+0.1800 since 2 Oct

Full rate sheet

Spread = how much higher the selling rate is than the buying rate — the bank's round-trip margin. Change compares today's TT Selling with the last refresh at least a week earlier.

Currency TT Selling TT Buying Spread Change 90 days
USD · US Dollar 96.8900 96.3100 0.60% +0.70% since 2 Oct Indian Overseas Bank USD TT selling rate, last 90 days
EUR · Euro 108.9800 107.9000 1.00% −0.19% since 2 Oct Indian Overseas Bank EUR TT selling rate, last 90 days
GBP · Pound Sterling 128.4900 127.2200 1.00% +0.55% since 2 Oct Indian Overseas Bank GBP TT selling rate, last 90 days
AUD · Australian Dollar 67.7200 66.9800 1.10% +1.14% since 2 Oct Indian Overseas Bank AUD TT selling rate, last 90 days
CAD · Canadian Dollar 68.3000 67.5500 1.11% +0.92% since 2 Oct Indian Overseas Bank CAD TT selling rate, last 90 days
CHF · Swiss Franc 116.9000 115.6200 1.11% +1.42% since 2 Oct Indian Overseas Bank CHF TT selling rate, last 90 days
NZD · New Zealand Dollar 54.5100 53.9200 1.09% +0.68% since 2 Oct Indian Overseas Bank NZD TT selling rate, last 90 days
SGD · Singapore Dollar 75.8800 75.0500 1.11% +0.70% since 2 Oct Indian Overseas Bank SGD TT selling rate, last 90 days
HKD · Hong Kong Dollar 12.3700 12.2400 1.06% +0.65% since 2 Oct Indian Overseas Bank HKD TT selling rate, last 90 days
JPY · Japanese Yen 0.6143 0.6076 1.10% +0.84% since 2 Oct Indian Overseas Bank JPY TT selling rate, last 90 days
LKR · Sri Lankan Rupee 0.2943 0.2900 1.48% +0.75% since 2 Oct Indian Overseas Bank LKR TT selling rate, last 90 days
AED · UAE Dirham 26.4800 26.0900 1.49% +0.68% since 2 Oct Indian Overseas Bank AED TT selling rate, last 90 days
DKK · Danish Krone 14.5800 14.4200 1.11% −0.07% since 2 Oct Indian Overseas Bank DKK TT selling rate, last 90 days
NOK · Norwegian Krone 10.1700 10.0500 1.19% +1.70% since 2 Oct Indian Overseas Bank NOK TT selling rate, last 90 days
SEK · Swedish Krona 9.7500 9.6400 1.14% +1.35% since 2 Oct Indian Overseas Bank SEK TT selling rate, last 90 days

1 unit to INR at Indian Overseas Bank today

  • 1 USD to INR at Indian Overseas Bank: ₹96.8900 when you send (TT Selling), ₹96.3100 when you receive (TT Buying). ₹1,00,000 buys 1032.10 USD before charges; USD 1,000 received is credited as ₹96,310 before GST.
  • 1 GBP to INR at Indian Overseas Bank: ₹128.4900 when you send (TT Selling), ₹127.2200 when you receive (TT Buying). ₹1,00,000 buys 778.27 GBP before charges; GBP 1,000 received is credited as ₹1,27,220 before GST.
  • 1 EUR to INR at Indian Overseas Bank: ₹108.9800 when you send (TT Selling), ₹107.9000 when you receive (TT Buying). ₹1,00,000 buys 917.60 EUR before charges; EUR 1,000 received is credited as ₹1,07,900 before GST.
  • 1 AED to INR at Indian Overseas Bank: ₹26.4800 when you send (TT Selling), ₹26.0900 when you receive (TT Buying). ₹1,00,000 buys 3776.44 AED before charges; AED 1,000 received is credited as ₹26,090 before GST.
  • 1 SGD to INR at Indian Overseas Bank: ₹75.8800 when you send (TT Selling), ₹75.0500 when you receive (TT Buying). ₹1,00,000 buys 1317.87 SGD before charges; SGD 1,000 received is credited as ₹75,050 before GST.
  • 1 CAD to INR at Indian Overseas Bank: ₹68.3000 when you send (TT Selling), ₹67.5500 when you receive (TT Buying). ₹1,00,000 buys 1464.13 CAD before charges; CAD 1,000 received is credited as ₹67,550 before GST.
  • 1 AUD to INR at Indian Overseas Bank: ₹67.7200 when you send (TT Selling), ₹66.9800 when you receive (TT Buying). ₹1,00,000 buys 1476.67 AUD before charges; AUD 1,000 received is credited as ₹66,980 before GST.

USD rate trend at Indian Overseas Bank

Over the last 24 refreshes (from 16 Jul) Indian Overseas Bank's USD TT Selling rate ranged from ₹95.1200 to ₹96.9800, and is +1.7700 (+1.86%) since 1 Sep.

Indian Overseas Bank USD TT selling and TT buying rates, last 90 days16 Jul: TT Selling ₹96.5500 · TT Buying ₹95.970020 Jul: TT Selling ₹96.7400 · TT Buying ₹96.160029 Jul: TT Selling ₹96.0300 · TT Buying ₹95.460031 Jul: TT Selling ₹95.6400 · TT Buying ₹95.07001 Aug: TT Selling ₹95.6400 · TT Buying ₹95.07004 Aug: TT Selling ₹95.5800 · TT Buying ₹95.01007 Aug: TT Selling ₹95.4400 · TT Buying ₹94.870024 Aug: TT Selling ₹96.0100 · TT Buying ₹95.44001 Sep: TT Selling ₹95.1200 · TT Buying ₹94.550011 Sep: TT Selling ₹95.9700 · TT Buying ₹95.400014 Sep: TT Selling ₹96.0100 · TT Buying ₹95.440021 Sep: TT Selling ₹96.0300 · TT Buying ₹95.460023 Sep: TT Selling ₹95.9300 · TT Buying ₹95.360024 Sep: TT Selling ₹95.9300 · TT Buying ₹95.360028 Sep: TT Selling ₹96.2400 · TT Buying ₹95.670029 Sep: TT Selling ₹96.2400 · TT Buying ₹95.670030 Sep: TT Selling ₹96.2000 · TT Buying ₹95.63001 Oct: TT Selling ₹96.2200 · TT Buying ₹95.65002 Oct: TT Selling ₹96.2200 · TT Buying ₹95.65005 Oct: TT Selling ₹96.5600 · TT Buying ₹95.98006 Oct: TT Selling ₹96.7000 · TT Buying ₹96.12007 Oct: TT Selling ₹96.6900 · TT Buying ₹96.11008 Oct: TT Selling ₹96.9800 · TT Buying ₹96.40009 Oct: TT Selling ₹96.8900 · TT Buying ₹96.310096.9894.5516 Jul9 Oct
TT Selling (when you send)TT Buying (when you receive)24 refreshes · INR per 1 USD · hover a point for its values

How far from the mid-market rate?

The mid-market rate is what Google shows. Banks quote a margin on each side of it; this table computes Indian Overseas Bank's margin from today's card rate and a live mid-market feed.

Compare with other banks

Today's TT Selling rate (INR per 1 unit) at every bank RemitFee tracks. A lower selling rate means more foreign currency for the same rupees.

Bank USDGBPEURAED
Indian Overseas Bank 96.8900128.4900108.980026.4800
HDFC Bank 98.3500131.4700110.790027.1300
ICICI Bank 98.1100131.4200110.890027.1600
State Bank of India 97.0500129.4300109.850026.9700
Kotak Mahindra Bank 98.3400130.7700110.990027.3200
Axis Bank 98.4500131.5500110.780027.1600

FAQ — Indian Overseas Bank forex rates

What is the TT buying rate at Indian Overseas Bank?

The TT (telegraphic transfer) buying rate is what Indian Overseas Bank pays you per unit of foreign currency when it converts an inward remittance into rupees. Today it is ₹96.31 per USD (sheet dated 9 Oct 2026). It sits below the mid-market rate; the gap is the bank's margin on receiving money, which never appears as a fee line on your statement.

What is the TT selling rate at Indian Overseas Bank?

The TT selling rate is what Indian Overseas Bank charges per unit of foreign currency when you send money abroad by SWIFT wire. Today it is ₹96.89 per USD (sheet dated 9 Oct 2026). It sits above the mid-market rate; that margin is the biggest single cost of most bank remittances, ahead of commission, SWIFT charges and GST.

Why is Indian Overseas Bank's rate different from the Google rate?

Google shows the mid-market (interbank) rate, which no retail customer gets. Indian Overseas Bank publishes a card rate with a margin on each side — typically 1–2% at Indian banks. The "vs mid-market" table on this page computes today's margin live so you can see exactly how much the rate costs you on top of the visible fees.

How often does Indian Overseas Bank update its forex rates?

Indian Overseas Bank publishes a fresh card rate every forex working day, usually in the morning, and can revise it during the day when the market moves. RemitFee records the published rate on each refresh (sheet dated 9 Oct 2026) and keeps the history behind the trend charts; the rate applied to your transfer is the one in force at the moment of debit.

Are these the same rates Indian Overseas Bank uses for forex cards and cash?

No. TT rates apply to wire remittances (SWIFT / telegraphic transfer). Forex card loads, currency notes and traveller's cheques are quoted in separate columns of the same sheet and are usually worse for the customer. RemitFee shows the TT columns only, because they are what an outward or inward remittance is converted at.

Does GST apply to Indian Overseas Bank's exchange rate?

GST is not charged on the rate itself. Instead, 18% GST is levied on a notional currency-conversion value fixed by slab under CGST Rule 32(2)(b) — a few hundred rupees on a typical transfer — and it appears as a separate line on the Indian Overseas Bank charges page. The rate you see here is the gross conversion rate before that GST line.

Where do these Indian Overseas Bank rates come from?

From Indian Overseas Bank's own published sheet — Indian Overseas Bank Forex Card Rates page (https://www.iob.bank.in/en/forex-rates), read on every refresh. The bank quotes JPY and LKR per 100 units on its sheet; RemitFee shows every rate per 1 unit. If a currency is missing on a given day, the previous day's value is kept rather than zeroed.

What the rate costs you in practice