This page covers the euro against the rupee. For the dollar and the pound, see our USD to INR forecast and GBP to INR forecast, which use consistent ranges.
What is the euro to INR rate today?
On ECB reference rates, EUR/INR was 106.0395 on 5 November 2026, down 2.2% from 108.3965 on 9 October and only 0.4% above the end-2025 fixing of 105.5965. The 2026 high, and the highest ECB fixing on record, was 112.3170 on 20 May; the 2026 low was 104.9647 on 15 January. Check the live EUR to INR rate at any time.
| Right now (5 November 2026) | Level |
|---|---|
| EUR/INR (ECB fixing) | 106.0395 |
| EUR/USD (ECB fixing) | 1.1224 |
| USD/INR (ECB, derived) | 94.4757 |
| ECB deposit rate | 2.50% (held on 29 October 2026) |
| RBI repo rate | 5.50% (raised 25bp on 7 October 2026) |
| Next ECB decision | 16–17 December 2026 |
| Next RBI decision | MPC meeting 2–4 December 2026 |
Euro to INR in 2026: month by month
| Month | Average EUR/INR | Low | High |
|---|---|---|---|
| January 2026 | 106.68 | 104.96 (15 Jan) | 110.09 (28 Jan) |
| February 2026 | 107.32 | 106.37 (3 Feb) | 108.42 (2 Feb) |
| March 2026 | 107.34 | 105.88 (16 Mar) | 109.19 (27 Mar) |
| April 2026 | 109.48 | 107.30 (2 Apr) | 111.07 (30 Apr) |
| May 2026 | 111.54 | 110.62 (29 May) | 112.32 (20 May, record) |
| June 2026 | 109.35 | 107.06 (25 Jun) | 111.49 (4 Jun) |
| July 2026 | 109.42 | 108.42 (1 Jul) | 110.49 (16 Jul) |
| August 2026 | 110.65 | 109.83 (7 Aug) | 111.96 (21 Aug) |
| September 2026 | 109.91 | 108.82 (30 Sep) | 110.86 (10 Sep) |
Averages are of ECB reference rate fixings on working days. Key fixings since: 9 October 108.3965; 5 November 106.0395.
EUR/INR exchange rate in September 2026, by date
| Date | EUR/INR (ECB fixing) |
|---|---|
| 1 September 2026 | 110.0485 |
| 4 September 2026 | 109.8165 |
| 10 September 2026 (September high) | 110.8645 |
| 11 September 2026 | 110.7675 |
| 15 September 2026 | 110.7285 |
| 30 September 2026 (September low) | 108.8205 |
There is no ECB fixing at weekends, so the reference rate for a Saturday or Sunday is the previous Friday’s fixing.
Why is the euro falling against the INR?
EUR/INR is the euro-dollar rate multiplied by the dollar-rupee rate. From its 21 August peak to 9 October the fall was a euro story: the euro dropped 4.2% against the dollar. Since 9 October it has been a rupee story: the euro is almost unchanged against the dollar ($1.1206 to $1.1224), but the rupee has recovered 2.3% against the dollar after the RBI’s rate rise, taking EUR/INR down from ₹108.40 to ₹106.04. Our euro to dollar forecast covers the euro side.
Why has the euro risen against the INR this year?
Over 2026 as a whole the two moves have almost cancelled out. Since 2 January the euro has fallen 4.2% against the dollar, from $1.1721 to $1.1224, while the dollar has risen 4.7% against the rupee, from ₹90.20 to ₹94.48. The result is a EUR/INR rate only slightly above where it started the year, well below the May peak, when rupee weakness ran ahead of the euro’s.
What are the ECB and RBI doing?
| Date | ECB deposit rate | RBI repo rate | Gap in the rupee’s favour |
|---|---|---|---|
| 1 January 2026 | 2.00% | 5.25% | 3.25 points |
| 10 September 2026 (ECB rise) | 2.50% | 5.25% | 2.75 points |
| 7 October 2026 (RBI rise) | 2.50% | 5.50% | 3.00 points |
| 5 November 2026 | 2.50% | 5.50% | 3.00 points |
The European Central Bank held its deposit rate at 2.50% on 29 October, after raising it on 10 September, saying energy prices pose “upside risks to the inflation outlook and downside risks to the growth outlook”. Eurostat’s flash estimate put euro area inflation at 4.0% in October, with energy up 20.8%. The Reserve Bank of India raised its repo rate to 5.50% on 7 October and moved to “calibrated tightening”, projecting CPI inflation of 5.2% for 2026-27. The RBI meets on 2–4 December and the ECB on 16–17 December.
What is the euro to INR forecast for the next 6 months?
| Horizon | EUR/INR range | What pushes it higher | What pushes it lower |
|---|---|---|---|
| To end December 2026 | ₹104–₹110 | An ECB rise on 17 December; renewed rupee weakness | A further RBI rise on 4 December; a Fed rise that weakens the euro against the dollar |
| To end March 2027 | ₹102–₹112 | Euro area inflation keeps the ECB tightening | Energy prices hit euro area growth |
| Next 6 months (to early May 2027) | ₹102–₹112 | The euro recovers against the dollar | The RBI’s tightening keeps supporting the rupee |
| 2027 as a whole | ₹101–₹116 | The long-run inflation gap reasserts itself | The euro weakens broadly |
Cambridge Currencies’ forecast ranges as at 5 November 2026. They are not guarantees, and rates may move outside them. They are consistent with our USD/INR range of ₹93.50–₹96.50 and our GBP/INR range of ₹125–₹132 to the end of 2026. This page is reviewed every four to eight weeks and after ECB and RBI decisions.
Our October ranges (₹106–₹111 over three months, ₹104–₹113 over six) have not been broken, but spot is now at the very bottom of the three-month band, so we have moved the year-end range down to ₹104–₹110.
Will the euro to INR rate increase or decrease?
In the short term, the rupee has the momentum after the RBI’s rise, and a further RBI rise on 4 December could push EUR/INR towards ₹104. An ECB rise on 17 December, prompted by October’s 4.0% inflation, could lift the euro back towards ₹110. Over longer periods, the euro has tended to rise against the rupee because Indian inflation runs above euro area inflation.
What is the INR to euro forecast?
The INR to euro forecast is the same forecast turned round. At ₹106.04, ₹1,00,000 (one lakh) buys about €943. Our six-month range of ₹102–₹112 is equivalent to one lakh rupees buying between about €893 and €980. See the live INR to EUR rate.
What is the euro to INR forecast for the next 5 years?
| Date (ECB fixing) | EUR/INR |
|---|---|
| 30 December 2016 | 71.5935 |
| 31 December 2018 | 79.7298 |
| 31 December 2020 | 89.6605 |
| 30 December 2022 | 88.1710 |
| 31 December 2024 | 88.9335 |
| 31 December 2025 | 105.5965 |
| 5 November 2026 | 106.0395 |
Since the end of 2016 the euro has gained about 48% against the rupee, about 4.1% a year, but the path has been uneven: flat from 2020 to 2024, then up 18.7% in 2025 alone. As illustrative arithmetic only, the decade’s average pace would take EUR/INR to about ₹129 in five years. A 2% annual drift, matching the gap between the RBI’s 4% inflation target and the ECB’s 2% target, would point nearer ₹117. Treat these as illustrations of the trend.
What does the euro to INR forecast mean for your transfer?
| Illustrative: €50,000 converted at | Rupees received | Difference vs 5 November |
|---|---|---|
| ₹104 (bottom of year-end range) | ₹52,00,000 | −₹1,01,975 |
| ₹106.0395 (5 November fixing) | ₹53,01,975 | — |
| ₹110 (top of year-end range) | ₹55,00,000 | +₹1,98,025 |
That is a spread of ₹3 lakh inside the range to December on one illustrative transfer. Because the RBI repo rate is 3 points above the ECB deposit rate, a EUR/INR forward sits above spot: as illustrative arithmetic at policy rates and before any margin, a 12-month forward from ₹106.04 would be roughly ₹109. A forward contract can fix the rate for up to 12 months.
Check the receiving account and currency before you send. Our guide on why money sent to India can arrive in the wrong currency covers a common and costly mistake, and our explainer on NRE, NRO and FCNR accounts covers which account to use. For the wider euro outlook, see our euro forecast. A rate alert can tell you when EUR/INR reaches your target.
Which dates matter for euro to INR?
| Date | Event | Why it matters |
|---|---|---|
| 18 November 2026 | Euro area HICP (October, full release) | Confirms the inflation pressure on the ECB |
| 1 December 2026 | Euro area HICP flash (November) | Last inflation print before the ECB meets |
| 2–4 December 2026 | RBI MPC meeting | A further rise could support the rupee |
| 8–9 December 2026 | Federal Reserve decision | Moves both EUR/USD and USD/INR |
| 16–17 December 2026 | ECB decision | A rise could lift the euro |
Euro to INR forecast: frequently asked questions
What is the euro to INR forecast for 2026?
EUR/INR is forecast between ₹104 and ₹110 for the rest of 2026 and ₹102–₹112 over the next six months. It fixed at ₹106.04 on 5 November 2026.
What is the highest euro to INR rate ever?
The highest ECB reference rate for EUR/INR is 112.3170, set on 20 May 2026. Before 2026 the rate had never closed a year above ₹106.
Will the euro go down against the INR?
It has fallen 2.2% since 9 October as the rupee recovered, and could ease towards ₹104 if the RBI raises again in December. An ECB rise on 17 December would work the other way. Over the long run, the rupee’s weakness has tended to push EUR/INR higher.
What is the ECB interest rate now?
The ECB deposit facility rate is 2.50%, the main refinancing rate 2.65% and the marginal lending rate 2.90%, all held on 29 October 2026. The next ECB decision is on 16–17 December 2026.
How long does a EUR to INR transfer take?
EUR to INR transfers usually arrive within one to two working days. India is four and a half hours ahead of Central European Time in winter.
Speak to a specialist about your euro to rupee transfer
Whether you are sending euros to family, investing in India or paying an Indian supplier, every Cambridge Currencies transfer is handled by phone with a dedicated specialist, from the equivalent of £5,000. Get a quote for your EUR to INR transfer, or see all our currency forecasts. We work with FCA-authorised payment partners Currencycloud (FRN 900199) and ScioPay (FRN 927951), with client funds safeguarded at a credit institution in line with UK safeguarding rules. This article is general guidance, not a personal recommendation. Exchange rates can move against you as well as in your favour.
