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

HDFC Bank's USD to INR rate today is ₹93.90 for money coming in.

Every rate below comes from the sheet HDFC Bank published on 20 August 2026 at 09:23 AM, refreshed here twice a day.

HDFC 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.

HDFC Bank's USD TT buying rate today is ₹93.90. If money is coming in to you, that is the rate that applies.

This sheet covers retail and trade up to INR 20 lakh equivalent. Above that, rates are negotiated, and the bank may use its discretion to improve them for existing customer relationships.

Source: HDFC Bank Treasury Forex Card Rates (PDF), published by HDFC 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.

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

HDFC Bank's TT buying rate for USD is ₹93.90, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• HDFC Bank TT buying: ₹93.90
• Gap: 1.93%, about ₹18,500 on a USD 10,000 invoice

HDFC Bank's TT selling rate for USD is ₹97.33. 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 ₹3.43 per dollar, or 3.7% of the buying rate. That spread is what the bank keeps.

HDFC Bank publishes these on the daily sheet it calls its "Treasury 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 ₹0.28 below the TT buying rate, and the currency-note rate is ₹0.79 below it.

The exchange-rate margin is the largest cost, but it is not the only one. As of July 2026, the fees an exporter or freelancer is likely to meet are set out below.

Receiving money looks "free" because there is no headline transfer fee. The margin baked into the TT buying rate does the quiet work instead.

Banks revise these schedules periodically, so verify the current numbers on HDFC's own fees-and-charges page before you rely on a figure for accounting.

Other banks show a similar "no headline fee" pattern; the idfc bank forex rates guide breaks down how its margin compares on inward transfers.

Every foreign exchange conversion in India attracts 18% GST. The tax is charged on a "value of supply" that 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 HDFC Bank'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 HDFC 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.

Say a client sends you USD 10,000 for a completed project. On the sheet HDFC Bank published on 20 August 2026 at 09:23 AM, its TT buying rate was ₹93.90. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At HDFC Bank's TT buying rate: 10,000 × 93.90 = ₹9,39,000
• Difference from the rate margin alone: ₹18,500, before GST and any certificate fee.

That ₹18,500 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.

HDFC Bank publishes its own "Treasury Forex Card Rates", 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: HDFC Bank Treasury 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 09:23 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.

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 they pass it to you.

HDFC 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 HDFC quotes are indicative. The rate that actually applies is the one prevailing at the moment your account is debited or credited, so the figure you see in the morning can shift by the time your transfer settles.

TT stands for telegraphic transfer, the electronic movement of money between banks across borders. HDFC uses two versions of it:

• TT buying rate: the rate at which HDFC buys foreign currency from you and pays out rupees. This is the rate that applies when you receive an inward remittance from a client abroad.
• TT selling rate: the rate at which HDFC sells you foreign currency, used when you send money out.

For anyone receiving export income, the TT buying rate is the number that matters. It is always lower than the mid-market rate, and the difference is the bank's margin. A telegraphic transfer is the default rail behind most bank-to-bank inward payments.

HDFC also publishes card rates (used for forex travel cards) and currency-note rates (for physical cash). Both carry wider margins than TT rates, so do not read a card rate and assume it is what you will get on an inward transfer.

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: HDFC applies a margin between the interbank rate and the rate it gives you, typically around 1.5% to 3% below mid-market on inward transfers, though it varies by day, currency, and relationship. This is the foreign exchange markup, and it is rarely stated as a line item.

Transaction and intermediary fees: SWIFT routing can pass through correspondent-bank deductions before the money reaches HDFC, 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.

Larger customers sometimes negotiate a finer spread on high volumes, but most exporters take the published TT rate as it stands. The cleanest way to see the true price is to compare the applied rate against the mid-market rate on the same day.

If you also receive from a multinational-focused bank, the hsbc bank forex rates guide walks through the same three layers using its own published sheet.

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

HDFC 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 before it happens.

Its published pricing, as of July 2026, is set out below.

You keep close to the mid-market payout minus a fee you can see, instead of losing the spread you never agreed to, and the gap can widen further as volumes rise.

A few honest caveats belong here. A bank relationship still has its place: if you already hold current accounts, overdraft lines, and trade facilities with HDFC, consolidating can matter more than a few paise on rate.

For one-off or very small transfers, the flat fee can outweigh the rate saving. Run your own numbers on a typical invoice before switching, and read how to reduce international payment fees to see where the real leakage sits.

Where Xflow tends to fit best is regular, mid-to-large export receipts, which is why it is used for cross-border payments for service exporters, most often through its receiving accounts, built specifically for this kind of inflow.

If your payments sometimes originate through a US client's bank, it helps to see the other side of that transfer too; the bank of america forex rates guide walks through how that leg is priced.

This is the fear that stops most exporters from switching, and it is worth addressing head-on. Receiving through a specialist 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. The FIRC route through your bank also remains available, so nothing you file today disappears. Compliance stays intact; the paperwork simply becomes less manual.

HDFC Bank publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹93.90, about 1.93% 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.