Citibank Forex Rates Updated Today: TT Rates & PDF

Citibank's exchange rate today is ₹93.93 for money coming in and ₹97.80 for money going out.

Today's rates, and which one applies to you

What you are doing	Rate that applies	Citibank USD rate today
Money coming in from a client abroad	TT buying rate (TTBR)	₹93.93
Sending money abroad	TT selling rate	₹97.80

Citibank exchange rate today: ₹93.93

Updated today, 9:05 AM, from Citibank's own sheet.

Your USD invoice at Xflow vs Citibank's average received rate

USD Amount

FX rate

INR amount with others

Banks

FX rate

Disclaimer: Last updated at

How we work out the bank's rate. This is not the bank's published card rate. It is the rate Xflow customers actually received on payments through Citibank, taken from their FIRAs, compared with the mid-market rate at the time of each transfer and averaged over the last three months.

Does it vary? Yes. Banks do not quote one fixed rate. What you get depends on the amount, your account type and your relationship with the bank. This is an average, not a promise.

See what the same transfer would pay you at Xflow

0% FX markup

Fee shown before you convert

25+ currencies

For larger transfers, contact your relationship manager.

Source: Citi India Daily FX Rate Sheet (PDF). Rates are indicative and subject to change with market movements. The rate that applies is the one prevailing when your account is credited.

Which rate applies depends on what you are doing, not on which one you saw first.

Download Citibank's Daily FX Rate Sheet PDF

Citibank publishes its own "Daily FX Rate Sheet", and that document is the authority on the rate you will be given, not any figure quoted elsewhere. It is a PDF you can download and keep.

Open it here: Citi India Daily FX Rate Sheet. The bank replaces it each working day, so the link always resolves to the current sheet, and the copy the figures above come from was published on 16 September 2026 at 9:05 AM.

Check the date printed inside the file before you use it. A saved copy keeps its old numbers, and a bank sheet from last week is a different rate, not a rounding difference.

What changed: Citibank's India retail exit

Citi announced the sale of its India consumer business in 2022, and Axis Bank completed the acquisition on 1 March 2023. The deal covered credit cards, retail banking, wealth management, and consumer loans.

If you held a Citibank savings account, credit card, or forex service in India, that relationship has moved to Axis Bank. For inward remittances, you would now use your Axis account details or another provider.

If you are comparing where to route future transfers, our breakdown of icici bank forex rates is a useful benchmark alongside Axis.

Citibank continues to serve corporate and institutional clients in India, and its retail forex services, wire transfers, and foreign currency products remain available in other countries. The rest of this guide reflects that reality.

Citibank TT buying rate today

Citibank's TT buying rate for USD is ₹93.93, also written as TTBR, short for TT buying rate.

Mid-market reference: ₹95.99
Citibank TT buying: ₹93.93
Gap: 2.14%, about ₹20,555 on a USD 10,000 invoice

Citibank TT selling rate today

Citibank's TT selling rate for USD is ₹97.80. This is what you pay when the bank sells you foreign currency, so it applies to money going out, not to export earnings coming in.

The gap between the two TT rates is ₹3.86 per dollar, or 4.1% of the buying rate. That spread is what the bank keeps.

If you are the one sending money out, school fees, a supplier or family, the selling rate above is your number, and the rest of this page is written for money coming in.

Citibank rates for 10 major currencies today

Currency	TT Buying (inward)	TT Selling (outward)
USD United States Dollar	93.93	97.80
EUR Euro	108.41	112.90
GBP Great Britain Pound	126.60	131.86
AED U.A.E. Dirham	25.57	26.63
AUD Australian Dollar	66.91	69.69
CAD Canadian Dollar	67.41	70.21
SGD Singapore Dollar	73.75	76.81
SAR Saudi Riyal	24.99	26.05
CHF Swiss Franc	114.66	119.44
JPY Japanese Yen	0.6046	0.6296

What are Citibank's forex charges?

Where Citibank still offers retail forex, such as in the United States, the fees below are typical (as of July 2026). They give a sense of the cost structure at a large global bank.

A transfer needs the bank's routing code as well as its rate. Our directory lists every Citibank SWIFT code by branch.

Service	Citibank charge (as of July 2026)
Incoming international wire (standard)	USD 15; waived for Citi Priority and Citigold
Outgoing international wire (in USD, standard)	USD 35; reduced for Citi Priority, waived for Citigold
Outgoing wire (in foreign currency)	Wire fee often waived; the markup applies in the rate
Foreign transaction fee (most cards)	3.5%
Exchange-rate markup	Varies by currency, typically several percent

The pattern is familiar. The visible wire fee is only part of the cost, and the markup buried in the exchange rate does the rest, especially on smaller or exotic-currency conversions.

Verify the current schedule on Citibank's own site for your country before you rely on a figure, since fees differ by market and account tier.

How much GST applies when you receive money in India?

When an inward remittance is converted to rupees in India, the conversion attracts 18% GST. It is charged on a "value of supply" the RBI defines in slabs (in force since 1 July 2017), not on your full transfer amount, so it stays modest even on large sums.

Conversion amount	Value of supply (taxable value)	GST at 18%
Up to ₹1 lakh	1% of the amount (minimum ₹250)	₹45 to ₹180
₹1 lakh to ₹10 lakh	₹1,000 + 0.5% of amount above ₹1 lakh	₹180 to ₹990
Above ₹10 lakh	₹5,500 + 0.1% of amount above ₹10 lakh (capped at ₹60,000)	₹990 to ₹10,800 (maximum)

The takeaway is simple. GST is a known, capped, and comparatively small cost. The exchange-rate margin is the variable you can actually influence.

What getting paid from abroad really costs you

The rate is only part of the bill. If money comes in from abroad every month, four other things cost you money or time. None of them are on Citibank's rate sheet.

The problem	What it costs you	What Xflow does
Every payment needs a declaration. Your bank needs a purpose code and a signed declaration before it converts and credits the money.	Paperwork on every single payment. The money waits on you, not on the wire.	Money reaches your Indian bank account the next working day.
You have to ask for the certificate every time. Citi Bank gives you a FIRA when you ask for it. Your CA needs it, and it closes the record the government keeps of your export (EDPMS).	A small fee on every payment, and you chase it each time.	You get the eFIRA on its own, every time. Nothing to ask for.
Matching payments to invoices takes time. Every payment needs a purpose code and invoice details, and the bank often emails you questions.	A few hours of work each month. If a record stays open, it can cause problems later.	Xflow can send your invoices, and it connects to Zoho Books, so payments match up where you already work.
You do not know the rate until the money lands. Citi Bank changes its sheet during the day.	You cannot plan the month, or pick a good day for a big invoice.	Xflow's FX AI Analyst shows rate forecasts and lets you set a target rate. It is a forecast, not advice, and not a promise.

To be fair: this does not beat your bank at everything. If your current account, overdraft and trade limits are all with Citi Bank, keeping everything in one place may matter more than any row above. This adds up when money comes in from abroad a few times a month, every month.

“Xflow has supported us not just when we qualified for it, but when we needed it. That’s rare to find.”

Neeraj Krishnamoorthy, Director and Co-Founder, TeachEdison

What does the effective rate look like? A worked example

Say a client sends you USD 10,000 for a completed project. On the sheet Citibank published on 16 September 2026 at 9:05 AM, its TT buying rate was ₹93.93. The mid-market reference that day was ₹95.99.

At the mid-market rate: 10,000 × 95.99 = ₹9,59,900
At Citibank's TT buying rate: 10,000 × 93.93 = ₹9,39,345
Difference from the rate margin alone: ₹20,555, before GST and any certificate fee.

That ₹20,555 is the spread, not a fee you agreed to, and it recurs on every transfer settled at card rates.

One note on the reference: it is a daily rate, so the exact gap on your own transfer is the one on your credit advice.

A platform fee works differently. On the same invoice, Xflow's Growth plan charges 0.4% of the transfer value, about $40, with no markup on the mid-market rate, so the cost sits in a visible fee instead of inside the rate. Both that fee and the bank figures above are before GST, which applies either way.

Understanding Citibank forex rates

A "forex rate" is the price of one currency in another at a given moment. Banks quote it against the interbank rate, the wholesale price at which large institutions trade, then add a margin before passing it to you.

Citibank publishes different rates for wires, cards, and cash, because each carries a different margin. If you want the plain-English version of how these numbers are built, start with forex rates.

The rate that actually applies is the one prevailing when your transaction processes, not the figure quoted earlier in the day, so timing shifts the outcome.

Citi Bank publishes a new rate sheet every working day and revises it as the market moves. Money arriving from abroad is converted at its TT (telegraphic transfer) buying rate, which sits below the mid-market rate. That gap is the markup, and it is separate from GST on the conversion.

What do TT buying and card rates mean?

TT stands for telegraphic transfer, the electronic movement of money between banks across borders. Two rates matter most when you receive money.

TT buying rate: the rate at which the receiving bank buys foreign currency from you and pays out local currency. This applies when you receive an inward remittance.
Card rate: used for forex cards and cash, and it carries a wider margin than the TT rate.

For anyone receiving export income in India, the TT buying rate at the receiving bank is the number that decides the payout. A telegraphic transfer is the default rail behind most bank-to-bank inward payments.

Why are Citibank's forex rates different from the market rate?

Search "USD to INR" and you see the mid-market rate, the midpoint between global buy and sell prices. No bank pays it out in full. The difference comes from three layers.

The markup (spread): Citibank adds a margin to the mid-market rate on any conversion, and the size varies by currency. This is the foreign exchange markup, included silently inside the quoted rate.

Correspondent deductions: an inward wire can pass through an intermediary bank that takes its own cut before the money reaches the receiving bank in India.

Market volatility: the rate moves through the day, and your transfer settles at the prevailing rate, not the one you first saw.

The cleanest way to judge any quote is to compare it against the live mid-market rate on the same day.

To see how far the sheet sits from the live market, check the current USD to INR rate and compare it with the TT buying figure above.

How is Xflow different from a bank's forex rates?

Xflow is a cross-border payments platform built for Indian businesses and freelancers receiving money from abroad. The core difference is the reference rate.

A bank marks up a hidden interbank rate and adds wire fees. Xflow converts at the live mid-market rate and charges a transparent, visible fee, so you can see exactly what conversion costs. Its published pricing, as of July 2026, is below.

Plan	Fee	Best for
Starter	$12 flat up to $2,000; 0.6% above $2,000	Invoices typically under $3,500
Growth	$20 flat up to $5,000; 0.4% above $5,000	Invoices of $2,000 to $10,000
Scale	Custom pricing	Invoices of $10,000+

Check the cost on your own invoice amount

$12 flat up to $2,000

Then 0.6%

No FX markup

You keep close to the mid-market payout, minus a fee you can see, instead of losing the spread you never agreed to on a bank wire, and the gap widens as volumes rise. Settlement is next business day (T+1), and each payment comes with an auto-issued eFIRA.

A few honest caveats belong here. If you value a single global banking relationship and already hold accounts and facilities with a major bank, that convenience can matter more than a few paise on rate.

For one-off or very small transfers, a flat fee can outweigh the rate saving. Run your own numbers on a typical invoice first, and read how to reduce international payment fees to see where the real leakage sits. For regular mid-to-large export receipts, the platform is used for cross-border payments for service exporters.

Does receiving through a platform break compliance?

This is the fear that stops most exporters from switching, and it is worth addressing head-on. Receiving through a regulated platform does not break your regulatory trail.

Xflow holds final RBI Payment Aggregator – Cross Border (PA-CB) authorisation for both exports and imports (as of February 2026), works with AD-1 banks, and auto-issues an eFIRA for each payment.

Your purpose codes, GST refund workflow, and downstream reporting continue as before, and the bank FIRC route remains available. Compliance stays intact; the paperwork simply becomes less manual.

The bottom line

Citibank publishes its rate sheet every working day and revises it intraday. On 16 September 2026 its USD TT buying rate was ₹93.93, about 2.14% below a daily mid-market reference rate of ₹95.99.

If you receive export income, the TT buying rate is the one that applies to you. Check it on the sheet, then check your Foreign Inward Remittance Advice (FIRA) to see what rate actually applied.

Frequently asked questions

No. The TT buying rate sits below the mid-market rate, and that gap is the bank's margin on the conversion. Citi Bank publishes both a buying and a selling rate each working day and revises them intraday. Today's figures, with the time Citi Bank published them, are in the rate table at the top of this page.

The TT rate applies to wire transfers, so it is the one used when an inward remittance is credited to your account. The card rate applies to forex travel cards and carries a wider margin. Do not use a card rate to estimate what an inward wire will fetch. Both are in the table at the top of this page.

Citibank sold its India consumer business to Axis Bank, completed on 1 March 2023, covering retail accounts, cards, and wealth. Citibank still serves corporate and institutional clients in India, and offers retail forex in other markets like the United States.

Former Citibank India retail accounts, cards, and forex services moved to Axis Bank. For inward remittances you would now use your Axis account details or another provider.

Where Citibank still offers retail forex, an incoming wire is around USD 15 (waived for premium tiers) and an outgoing international wire around USD 35, plus a markup inside the exchange rate that varies by currency.

It is the rate at which a bank converts incoming foreign currency into local currency. It is lower than the mid-market rate, and the difference is the bank's margin. It decides your payout when you receive money.

Google shows the mid-market rate. Banks add a spread, so the rate you receive is below it. The applied rate on your transaction confirmation or FIRA reflects that margin.

Use Citibank's currency tools for the country where you bank, updated through the working day. The exact rate applied appears on your transaction confirmation or FIRA.

Savings depend on your volume and the rate margin. On regular mid-to-large receipts into India, converting at the live mid-market rate with a visible fee, rather than a bank's marked-up spread, keeps more of each invoice in your account, and the gap widens as your transfer volumes grow.

Forex rates at other Indian banks

We read the published rate sheet at every major Indian bank. Each page below is refreshed from that bank's own sheet on the same schedule as this one.

Public sector banks