EUR/INR is a cross rate — there is no single interbank Euro-Rupee quote. It is derived from EUR/USD multiplied by USD/INR, so it carries both Eurozone and Indian currency risk simultaneously.
Convert Euro to Indian Rupee using the live rate above — updates automatically as the price refreshes.
Live mid-market rate, not a remittance or transfer quote — banks and money changers add their own margin on top of this.
The ranges below aren't a prediction of where EUR/INR (Euro Rupee) will land — they're what its own typical daily move (0.5–0.8%) implies, projected forward from the live price above. Read them as a probability band, the same way you would the Tomorrow Prediction section.
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Unlike USD/INR, which trades directly on Indian forex markets, EUR/INR has no single interbank quote. Banks calculate it by multiplying EUR/USD by USD/INR: if EUR/USD is 1.08 and USD/INR is 85, then EUR/INR is approximately 91.80. This means EUR/INR carries the combined volatility of two separate currency pairs rather than one, which is why it typically swings more than USD/INR on a percentage basis.
EUR/INR direction depends on the relative policy paths of the European Central Bank and the Reserve Bank of India, transmitted through their effect on EUR/USD and USD/INR respectively. When the ECB holds rates while the Fed cuts, EUR/USD tends to rise; simultaneously, if RBI is defending the Rupee against depreciation pressure, USD/INR may stay flat. The net EUR/INR move in that scenario is driven almost entirely by the European side of the equation.
EUR/INR is the reference rate for the substantial Indian diaspora working in Germany, France, Italy, and other Eurozone countries sending remittances home. Money transfer services and banks quote their own retail EUR/INR rate with a margin added on top of the mid-market wholesale rate — understanding the underlying wholesale rate (as shown live on this page) helps senders evaluate whether their transfer service is offering a fair margin.
EUR/INR moves when EITHER EUR/USD or USD/INR moves — a rally in the Euro against the Dollar shows up in EUR/INR even if the Rupee itself is unchanged against the Dollar.
Because EUR/INR compounds two sources of volatility — EUR/USD's own moves plus USD/INR's moves — its daily range is typically 30–50% wider than USD/INR's in percentage terms. A day where EUR/USD rallies 0.8% and the Rupee simultaneously weakens 0.3% against the Dollar can produce a EUR/INR move over 1%, even though neither individual driver looks dramatic in isolation.
While US Dollar revenue dominates Indian IT company earnings, TCS, Infosys, and Wipro all have meaningful European client bases — particularly in Germany's automotive and manufacturing sector and France's BFSI (banking, financial services, insurance) sector. A weakening Euro against the Rupee (falling EUR/INR) mildly compresses the Rupee value of that European revenue when translated at quarter-end, a smaller but still-tracked variable in IT sector earnings calls.
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