Records to collect
- Foreign-currency amount
- Relevant transaction/valuation date
- Official or bank rate source
- INR conversion working
NRI cornerstone guide
Exchange Rates and INR Conversion for NRI Tax Planning
A conversion is only as useful as its date and rate source. Keep tax, asset valuation, bank remittance and display-rate uses separate, enter the rate transparently, and preserve the evidence used for the final working.
Reviewed for Tax Year 2026-27 on 2026-08-25.
Start here
Three things to do before relying on an answer
1. Begin with your facts
Identify why the conversion is needed
2. Keep the evidence ready
Foreign-currency amount • Relevant transaction/valuation date
3. Treat this as a planning path
Use the workflow and official links to verify the rule, form and date that apply to you.
Planning workflow
- 1Identify why the conversion is needed
- 2Choose the date required by the rule or transaction
- 3Record the rate source
- 4Keep the original-currency and INR values together
Use a relevant tool
Official sources cited in this guide
Verify the current rule
Questions to answer before you act
A conversion is only as useful as its date and rate source. Keep tax, asset valuation, bank remittance and display-rate uses separate, enter the rate transparently, and preserve the evidence used for the final working.