Euro to Indian rupee
The currency of more than 20 European countries and of India’s largest trading bloc. Convert euros to rupees and track the trend.
How the euro–rupee rate is set
There is little direct euro–rupee trading. The rate is mostly a cross rate: the euro’s value in dollars multiplied by the dollar’s value in rupees. So EUR/INR can rise even on a day the rupee is steady against the dollar, if the euro gains on the dollar. European Central Bank interest rate decisions and the euro area’s growth matter as much as anything happening in India.
Questions
Is this the rate I will get?
This is the mid-market rate. Forex cards and banks add a margin; airport counters usually add the most. Check the total rupees charged for the euros you receive.
Should I carry euro cash or a forex card?
A forex card locks the rate when you load it and is safer to carry. Keep a small amount of cash for places that do not take cards, and avoid dynamic currency conversion on card machines; always pay in euros.
Why did the euro rise when the rupee was stable against the dollar?
Because the euro strengthened against the dollar that day. EUR/INR equals EUR/USD multiplied by USD/INR.