IDFC FIRST Bank's USD to INR rate today is ₹92.73 for money coming in.
- TT buying rate: ₹92.73. What you receive on an inward transfer.
- Card rate: ₹92.72. Forex card and cash.
- TT selling rate: ₹96.14. What you pay to send money out.
From the sheet IDFC FIRST Bank published on 7 September 2026 at 9:10 AM, and refreshed here twice a day. The major currencies are in the table below; IDFC FIRST Bank publishes 15 in total on its own sheet.
IDFC FIRST Bank forex rates today
IDFC FIRST Bank's USD TT buying rate today is ₹92.73, with the major currencies in the table below.
These figures come from the sheet IDFC FIRST Bank published on 7 September 2026 at 9:10 AM. The bank revises it during the day, so these are the morning quote and the settlement rate may differ.
If you are receiving money from abroad, the column you want is TT Buying.
This sheet covers indicative retail rates. Above that, rates are set by the bank.
Source: IDFC FIRST Bank Forex Exchange Rates, published by IDFC FIRST Bank itself. Rates are indicative and subject to change with market movements. The rate that applies is the one prevailing when your account is credited.
| Currency | TT Buying (inward) | TT Selling (outward) | Bills Buying | Card (cash out) | Card (load) |
|---|---|---|---|---|---|
| USD United States Dollar | 92.73 | 96.14 | 92.37 | 92.72 | 96.15 |
| EUR Euro | 107.14 | 112.14 | 106.31 | 106.69 | 112.59 |
| GBP Great Britain Pound | 124.81 | 130.34 | 124.36 | 124.06 | 131.09 |
| AED U.A.E. Dirham | 24.73 | 26.69 | 24.61 | 24.72 | 26.70 |
| AUD Australian Dollar | 66.33 | 69.69 | 66.06 | 66.13 | 69.89 |
| CAD Canadian Dollar | 66.56 | 69.92 | 66.53 | 66.38 | 70.11 |
| SGD Singapore Dollar | 73.02 | 75.98 | 72.75 | 72.96 | 76.04 |
| CHF Swiss Franc | 113.78 | 119.20 | 113.17 | 113.61 | 119.37 |
| JPY Japanese Yen | 0.5911 | 0.6187 | 0.5882 | 0.5911 | 0.6187 |
IDFC FIRST Bank TT buying rate today
IDFC FIRST Bank's TT (telegraphic transfer) buying rate for USD is ₹92.73 on the sheet published 7 September 2026 at 9:10 AM.
This is the number that determines an exporter's payout. When a client abroad wires you dollars, IDFC FIRST Bank buys those dollars from you and credits rupees at the TT buying rate.
You will also see this written as TTBR, which is simply short for TT buying rate. Some sheets and screens use the abbreviation on its own.
On a USD 10,000 invoice that is ₹9,27,300 before GST and any certificate fee.
Against the mid-market rate, the gap looks like this:
- Mid-market reference: ₹94.55
- IDFC FIRST Bank TT buying: ₹92.73
- Gap: 1.92%, or about ₹18,200 on a USD 10,000 invoice
That gap is the bank's margin, and it applies to every transfer settled at card rates. The reference above is the exchangerate-api daily reference rate of ₹94.55 on 7 September 2026. That is a daily reference rate rather than an intraday close, while the bank revises its own sheet through the day. Treat the percentage as close, not exact.
IDFC FIRST Bank TT selling rate today
IDFC FIRST Bank's TT selling rate for USD is ₹96.14 as of the same sheet.
This is the rate you pay when IDFC FIRST Bank sells you foreign currency, so it applies to outward remittances such as paying an overseas supplier or sending money abroad under the Liberalised Remittance Scheme (LRS). Xflow handles inbound export earnings only, so outward remittance sits outside what we cover; the rate is here because the bank publishes it on the same sheet.
The spread between the two TT rates is ₹3.41 per dollar, or 3.7% of the buying rate. Buy and sell the same dollar on the same day and that spread is what the bank keeps.
IDFC FIRST Bank rate sheet today
IDFC FIRST Bank publishes these on the daily sheet it calls its "rate sheet". The card columns carry a different rate from the TT rate.
| Card and cash transaction | USD rate today |
|---|---|
| Loading or reloading a forex card | 96.15 |
| Cashing out from a forex card | 92.72 |
USD to INR at IDFC FIRST Bank today
If the dollar is the only currency you deal in, this is the whole sheet in four rows. Which rate applies depends on what you are doing, not on which one you saw first.
Published 7 September 2026 at 9:10 AM. IDFC FIRST Bank revises intraday, so re-check the sheet before you rely on a figure for accounting.
Those are the numbers. What follows is where the margin inside them comes from, and what it costs on a real invoice.
| What you are doing | Rate that applies | IDFC FIRST Bank USD rate today |
|---|---|---|
| Money coming in from a client abroad | TT buying rate (TTBR) | ₹92.73 |
| Sending money abroad | TT selling rate | ₹96.14 |
| Getting paid early on an export bill | Bills buying rate | ₹92.37 |
| Loading a forex card | Card rate | ₹96.15 |
See what the same transfer would pay you at Xflow
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Check IDFC FIRST Bank's official rate sheet
IDFC FIRST Bank publishes its own "rate sheet", and that document is the authority on the rate you will be given, not any figure quoted elsewhere. It is a web page the bank refreshes in place, so there is no file to keep.
Open it here: IDFC FIRST Bank Forex Exchange Rates. 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 7 September 2026 at 9:10 AM.
Understanding IDFC FIRST Bank 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.
IDFC FIRST publishes several rates because each transaction type carries a different margin. If you want the plain-English version of how these numbers are built, start with forex rates.
The rates the bank shows are indicative. The rate that actually applies is the one prevailing when your account is debited or credited, so a morning figure can shift by the time your transfer settles.
What do TT buying, TT selling and card rates mean?
TT stands for telegraphic transfer, the electronic movement of money between banks across borders. IDFC FIRST uses two TT rates and a separate card rate.
- TT buying rate: the rate at which the bank buys foreign currency from you and pays out rupees. This applies when you receive an inward remittance from a client abroad.
- TT selling rate: the rate at which the bank sells you foreign currency, used when you send money out.
- Card rate: used for the forex card and cash, and it carries a wider margin than the TT rates.
For anyone receiving export income, the TT buying rate is the number that matters. A telegraphic transfer is the default rail behind most bank-to-bank inward payments. Here is an illustrative snapshot (as of July 2026).
| Rate type | Used when | Illustrative IDFC FIRST rate (INR/USD) |
|---|---|---|
| TT buying | You receive money from abroad | 87.90 |
| TT selling | You send money abroad | 89.90 |
| Card rate | Forex card or cash | 87.40 buy / 90.20 sell |
The mid-market rate that day is around ₹89.40, so every rate the bank quotes sits a margin away from it.
What are IDFC FIRST Bank's forex charges?
The exchange-rate margin is the largest cost, but not the only one. As of July 2026, the fees an exporter or freelancer is likely to meet are set out below.
| Service | IDFC FIRST charge (as of July 2026) |
|---|---|
| Inward remittance (credit to your account) | No IDFC FIRST fee to receive; TT buying rate margin applies; correspondent banks may deduct |
| GST on conversion | 18% on the converted gross INR amount |
| FIRC (if you request the certificate) | Nominal fee plus GST, on request |
| Outward remittance exchange fee | Around ₹300 per outward payment |
| Intermediary bank fee | ₹20 to ₹300, depending on the OUR, BEN, or SHA option |
Receiving money looks free because there is no headline fee. The margin baked into the TT buying rate does the quiet work instead.
IDFC FIRST markets its WOW and Ashva credit cards as "zero forex markup" products, which is a separate thing from the TT rate on an inward remittance. Verify current charges on the bank's own forex page before you rely on a figure.
How OUR, BEN and SHA affect what you receive
When a wire is sent, someone pays the correspondent-bank charges, and the option chosen decides who. This matters because it changes the amount that actually lands.
- OUR: the sender pays all charges, so you receive close to the full amount.
- BEN: the charges come out of the transfer, so you receive less after deductions.
- SHA: the sender and receiver each cover their own side.
If you are receiving export income, ask your client to send under OUR where possible, so intermediary fees do not eat into your payout.
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 IDFC FIRST Bank'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. IDFC FIRST 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. IDFC FIRST 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 IDFC FIRST 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.
Receive export payments the next working day, with the eFIRA issued automatically
RBI authorised
eFIRA issued automatically
Next-business-day settlement
How much GST applies to a forex conversion?
Every foreign-exchange conversion in India 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.
Why are IDFC FIRST'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. That is the fair reference rate, and no bank pays it out in full. The difference comes from three layers.
Spread: IDFC FIRST applies a margin between the interbank rate and the rate it gives you, generally around 1% to 3% below mid-market on inward transfers, though it varies by day, currency, and relationship. This is the foreign exchange markup, rarely shown as a line item.
Correspondent deductions: inward wires can pass through an intermediary bank that takes its own cut before the money reaches IDFC FIRST, which is where the OUR, BEN, and SHA choice comes in.
Market volatility: the rate moves through the day. Because your transfer settles at the prevailing rate, not the quoted one, timing changes the outcome.
The cleanest way to see the true price is to compare the applied rate against the live mid-market rate on the same day.
Rates also vary from one lender to the next, so it helps to compare a peer's sheet, such as tamilnad mercantile bank forex rates, on the same day.
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 IDFC FIRST Bank published on 7 September 2026 at 9:10 AM, its TT buying rate was ₹92.73. The mid-market reference that day was ₹94.55.
- At the mid-market rate: 10,000 × 94.55 = ₹9,45,500
- At IDFC FIRST Bank's TT buying rate: 10,000 × 92.73 = ₹9,27,300
- Difference from the rate margin alone: ₹18,200, before GST and any certificate fee.
That ₹18,200 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.
How can you check IDFC FIRST Bank forex rates today?
There are three reliable ways to find the rate, in order of accuracy.
- IDFC FIRST's forex rate sheet on its website, revised on working days. It lists TT and card rates per currency.
- Your account credit advice or FIRA, which records the exact rate applied to your specific transfer. This is the only rate that is truly yours.
- The branch or relationship manager, useful if you are negotiating on higher volumes.
A quoted morning rate is only a guide. The rate that lands is the one live at the moment of credit, which is why the fira figure and the morning quote rarely match to the paisa. For compliance, the FIRA is the document that proves both the inward remittance and the rate applied.
How is Xflow different from IDFC FIRST Bank 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.
IDFC FIRST marks up a hidden interbank rate. 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.
Opening dedicated receiving accounts in USD, GBP, EUR and other major currencies means every inward payment lands against a rate you already agreed to, not whatever IDFC FIRST's rate sheet says that morning.
| 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
Take the same USD 10,000 invoice on the Growth plan. The fee is 0.4%, about USD 40 (roughly ₹3,576 at ₹89.40), and the conversion happens at the mid-market rate rather than a marked-down one.
You keep close to the mid-market payout minus a fee you can see, instead of losing the spread you never agreed to. Xflow keeps far more of each payment than a bank spread would, 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 already hold accounts, overdraft lines, and trade facilities with IDFC FIRST, consolidating 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 moving off your bank 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
IDFC FIRST Bank publishes its rate sheet every working day and revises it intraday. On 7 September 2026 its USD TT buying rate was ₹92.73, about 1.92% below a daily mid-market reference rate of ₹94.55.
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
The bank quotes a TT buying rate for money you receive, a TT selling rate for money you send, and a wider card rate for its forex card and cash. Each sits a margin below or above the mid-market rate, and the margin is the main cost.
There is no IDFC FIRST fee to credit an inward remittance, but 18% GST applies on the converted amount, correspondent banks may deduct their own charges, and a FIRC costs a nominal fee plus GST if you request one.
It is the rate at which the bank converts incoming foreign currency into rupees. It is lower than the mid-market rate, and the difference is the bank's margin. This is the rate that applies when you receive money.
They decide who pays the correspondent-bank charges. OUR means the sender pays, so you receive close to the full amount. BEN means the fees are deducted from your payout. SHA splits them.
Use IDFC FIRST's forex rate sheet on its website, revised on working days. The exact rate applied to your transfer appears on your credit advice or FIRA.
Google shows the mid-market rate. The bank adds a spread of roughly 1% to 3%, so the rate you receive is below it. The applied rate on your FIRA reflects that margin.
Savings depend on your volume and the rate margin. On regular mid-to-large receipts, converting at the mid-market rate with a visible fee can cut FX costs compared with a bank spread.
No. The TT buying rate sits below the mid-market rate, and that gap is the bank's margin on the conversion. IDFC FIRST Bank publishes both a buying and a selling rate each working day and revises them intraday. Today's figures, with the time IDFC FIRST 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.
