Bank of Baroda Forex & Exchange Rate Today: TT Buying, TT Selling, Card Rate & Charges

Bank of Baroda's USD to INR rate today is ₹95.12 for money coming in.

Every rate below comes from the sheet Bank of Baroda published on 20 August 2026 at 09:00 AM, refreshed here twice a day.

Bank of Baroda 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.

Bank of Baroda's USD TT buying rate today is ₹95.12. If money is coming in to you, that is the rate that applies.

This sheet covers card rate. For larger transfers, the branch quotes against the treasury desk rather than the card rate.

Source: Bank of Baroda Forex Card Rates, published by Bank of Baroda itself. 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.

Bank of Baroda's TT buying rate for USD is ₹95.12, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• Bank of Baroda TT buying: ₹95.12
• Gap: 0.66%, about ₹6,300 on a USD 10,000 invoice

Bank of Baroda's TT selling rate for USD is ₹96.08. 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 ₹0.96 per dollar, or 1.0% of the buying rate. That spread is what the bank keeps.

Bank of Baroda publishes these on the daily sheet it calls its "Forex Card Rates". The card and currency-note columns each carry a different rate from the TT rate.

Card and cash rates carry wider margins than TT rates. Do not use a card rate to estimate what an inward wire will fetch.

On USD the card cash-out rate is ₹1.02 below the TT buying rate, and the currency-note rate is ₹1.47 below it.

Bank of Baroda publishes its own "Forex Card Rates", 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: Bank of Baroda Forex Card 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 20 August 2026 at 09:00 AM.

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.

Receiving money still carries a small commission plus the rate margin, so the "free credit" impression is not quite accurate. Correspondent-bank deductions can apply over and above BoB's own charges.

Banks revise these schedules periodically, so verify the current numbers on BoB's own service-charges page before you rely on a figure.

Many people searching for BoB forex charges are really comparing its TravelEasy prepaid card against a regular debit or credit card, so it is worth being precise.

When you spend in a currency already loaded on the card, there is no markup on that transaction, which is the card's main advantage over a regular card that adds a foreign transaction markup on every overseas spend.

If you spend in a currency you have not loaded, a cross-currency conversion applies on the fly, so the saving depends on loading the right currencies before you travel. ATM withdrawals abroad cost 0.9% of the amount, and the rate loaded is the card rate, which sits wider of the mid-market rate than the TT rate does.

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.

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

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 Bank of Baroda's rate sheet.

To be fair: this does not beat your bank at everything. If your current account, overdraft and trade limits are all with Bank of Baroda, 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.

Say a client sends you USD 10,000 for a completed project. On the sheet Bank of Baroda published on 20 August 2026 at 09:00 AM, its TT buying rate was ₹95.12. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At Bank of Baroda's TT buying rate: 10,000 × 95.12 = ₹9,51,200
• Difference from the rate margin alone: ₹6,300, before GST and any certificate fee.

That ₹6,300 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.

There are three reliable ways to find the rate, in order of accuracy.

• BoB's forex card-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.

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.

BoB 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.

One quirk with BoB is that its inward rate can improve slightly with the size of the transfer, so a larger remittance often gets a marginally better rate than a small one. The rate is still indicative until your account is credited.

TT stands for telegraphic transfer, the electronic movement of money between banks across borders. BoB uses two TT rates and a separate card rate.

• TT buying rate: the rate at which BoB 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 BoB sells you foreign currency, used when you send money out.
• Card rate: used for the travel 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).

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: BoB 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, amount, 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 BoB, so the credited amount can be smaller than the sender's figure.

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.

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

BoB marks up a hidden interbank rate and adds a commission to receive. 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.

You keep close to the mid-market payout minus a fee you can see, instead of losing the spread you never agreed to. On costs like these, Xflow can meaningfully cut what businesses pay on FX, and the gap widens as volumes rise. Settlement is within 1 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 BoB, 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 supports cross-border payments for service exporters.

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.

Bank of Baroda publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹95.12, about 0.66% below a daily mid-market reference rate of ₹95.75.

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.