SCB (Standard Chartered) Forex & Exchange Rate Today: TT Buying, TT Selling & Charges

Standard Chartered's USD to INR rate today is ₹92.72 for money coming in.

Standard Chartered, often written as SCB, publishes these itself.

Every rate below comes from the sheet Standard Chartered published on 20 August 2026 at 9:02 AM, refreshed here twice a day.

Standard Chartered 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.

Standard Chartered's USD TT buying rate today is ₹92.72. If money is coming in to you, that is the rate that applies.

This sheet covers TT and bills rates, with no amount slab printed on the sheet. The sheet prints no amount band, so confirm the applicable rate with the bank before a large transfer.

Source: Standard Chartered India Treasury Counter Rates (PDF), published by Standard Chartered 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.

Standard Chartered publishes its own "Treasury Counter 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: Standard Chartered India Treasury Counter 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 9:02 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.

When an overseas client pays you by bank wire and no trade documents change hands, the payment is treated as a clean inward remittance. Standard Chartered converts it at the TT buying rate.

TT stands for telegraphic transfer, the old name for a wire. The TT buying rate is always lower than the mid-market rate, because the bank buys your dollars for slightly fewer rupees than the true reference price and keeps the difference as its spread. This is normal for every bank, not unique to SCB.

The distinction matters because forex-card marketing rates or the mid-market number on a currency app can look better than what you receive. Neither is your rate. For a fuller picture of how incoming payments are handled end to end, our explainer on foreign inward remittance walks through the flow from wire to rupee credit.

If you also send money out of India, note the direction flips: outward transfers use the TT selling rate. The difference between receiving and paying is covered in inward remittance vs outward remittance.

Standard Chartered's TT buying rate for USD is ₹92.72, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• Standard Chartered TT buying: ₹92.72
• Gap: 3.16%, about ₹30,300 on a USD 10,000 invoice

Standard Chartered's TT selling rate for USD is ₹98.46. 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 ₹5.74 per dollar, or 6.2% of the buying rate. That spread is what the bank keeps.

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 Standard Chartered'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 Standard Chartered, 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 Standard Chartered published on 20 August 2026 at 9:02 AM, its TT buying rate was ₹92.72. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At Standard Chartered's TT buying rate: 10,000 × 92.72 = ₹9,27,200
• Difference from the rate margin alone: ₹30,300, before GST and any certificate fee.

That ₹30,300 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.

The sheet can look dense, but you only need three things from it:

• Find your currency row: usually USD, GBP, EUR, AUD, CAD or SGD near the top of the sheet.
• Move to the TT buying column: not TT selling, bill or card, since an inward payment is a clean telegraphic transfer.
• Read the timestamp in the header: a rate quoted at 9 a.m. can move by afternoon, so check how fresh it is.

One quiet trap: the number on the sheet is a price per unit of foreign currency, so a higher TT buying figure means more rupees for you. Note it down, open your currency app at the same time for the mid-market rate, and the difference between the two is the spread you are paying on that payment. Do this once and the rest of the sheet stops mattering.

A bank rate sheet is not a single price. Standard Chartered, like every Authorised Dealer bank in India, quotes several rates for the same currency pair, and each applies to a different kind of transaction. Reading the wrong column is the most common reason people misjudge what they will receive.

The rates all move off one hidden reference: the interbank rate (IBR), the wholesale price at which large banks trade currency among themselves. The bank adds a margin to that reference in your favour when it sells and against you when it buys. To understand this properly, it helps to first read what are forex rates before applying it to one bank.

Barclays, another foreign bank operating in India, builds its sheet the same way, as Barclays Bank forex rates show.

Here is what the columns on an SCB rate sheet mean:

For a services exporter, the TT buying rate is the one that matters. That is the line the bank uses when a clean inward wire arrives and gets converted to rupees. The card and bill columns are separate products and do not apply to a normal software or consulting payment.

The rate on Google, XE or your currency app is the mid-market rate (MMR): the midpoint between global buy and sell prices, and a fair benchmark. Almost nobody transacts at exactly that number. Banks build their customer rates off the interbank rate and add a margin, so what you receive lands below the mid-market figure.

Two layers create the gap on an inward payment:

• The spread: the difference between the bank’s TT buying rate and the mid-market rate. Depending on the currency and your relationship with the bank, this markup commonly runs between one and three per cent of the transfer value, taken quietly inside the exchange rate rather than shown as a line item.
• The explicit charges: a flat inward remittance fee, plus 18 per cent Goods and Services Tax on that fee and on the conversion charge.
• The correspondent deduction: banks abroad in the payment chain can each skim a handling charge, often USD 10 to USD 50, before the money reaches India, so the amount converted can already be short.

The reason this feels invisible is that banks quote a small-sounding markup in paise while the mid-market rate hides in the background. Comparing the interbank rate against the mid-market rate side by side makes the spread far easier to see.

Indian private banks price it much the same, so Kotak Mahindra Bank forex rates carry comparable spreads.

Standard Chartered is a large, well-regulated bank, and for many businesses the banking relationship, credit lines and branch access outweigh a point or two on FX. That is a fair trade for some. If FX cost is a smaller concern than your overall banking relationship, the bank rate may be acceptable.

Where it stops being acceptable is at volume. A one to three per cent spread on every inward payment compounds quickly for a services exporter billing lakhs each month, and because the markup hides inside the rate, it rarely shows up in a cost review. This is the same pattern across large banks, which is why it is worth comparing SCB against peers such as hsbc bank forex rates, sbi forex rates, punjab national bank forex rates, yes bank forex rates and citi bank forex rates rather than assuming one bank is clearly better.

This is the gap Xflow was built to close, and we will be plain about it. Xflow settles inward payments at the live mid-market rate with the fee shown separately, rather than buried in a spread, and money reaches your account on a next-business-day (T+1) basis. Businesses moving meaningful volume can keep noticeably more of each payment than a typical bank markup would leave them, though the exact difference depends on your currency, ticket size and the bank you compare against.

Xflow holds final Payment Aggregator - Cross Border (PA-CB) authorisation from the Reserve Bank of India for both exports and imports, as of February 2026, and is ISO 27001 and SOC 2 certified. It receives inward payments into India and does not issue forex cards or handle travel money. Your downstream compliance does not change: you still receive a Foreign Inward Remittance Certificate, and your purpose codes and EDPMS entries carry on as before.

For businesses that want to convert at a target price rather than whatever the rate is on the day the money lands, the FX AI Analyst lets you set a limit order at a rate you choose. It is a target-rate tool, not investment advice, and it does not predict the market for you.

If locking your conversion price matters, our explainer on a guaranteed rate shows how a fixed rate works.

Standard Chartered publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹92.72, about 3.16% 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.