EUR to INR: What impacts the exchange rate and what you can do about it

The euro to Indian rupee exchange rate changes every day. Sometimes by a little, sometimes by a lot.

If you transfer money between Europe and India for family, business, or living costs, those changes can have a real impact on how much arrives on the other side.

Let’s look at what drives the EUR to INR exchange rate, why it moves, and how you can make sure you’re getting the most value every time you transfer money overseas.

What drives the EUR to INR rate

Exchange rates move for many reasons, but three stand out: interest rates, inflation, and market confidence.

1. Interest rates and inflation
   When the European Central Bank (ECB) raises rates, the euro tends to strengthen. When the Reserve Bank of India (RBI) does the same, the rupee gets stronger.
   Inflation matters too. High inflation in one region can make that currency worth less over time.
2. Economic growth and trade
   When Europe’s economy grows steadily, confidence in the euro rises. Strong exports and foreign investment can do the same for India’s rupee.
   If India imports more than it exports, it can weaken the rupee, because more foreign currency is needed to pay for those goods.
   
3. Market confidence
   Political events, oil prices, and global market shifts all affect investor sentiment. In uncertain times, investors often move their money into currencies they see as more stable and that changes demand.

Why the EUR to INR rate has moved recently

The euro and rupee have seen plenty of movement in recent years.

Several factors have played a part:

• The ECB has raised interest rates to control inflation in Europe.
  
  
• India’s economy continues to grow faster than many developed markets.
  
  
• Global investors are watching inflation, energy costs, and trade trends closely.
  
  

The result? The rate often fluctuates between ₹88 and ₹93 per euro. Even small shifts can change how much money your recipient receives.

How you can make those shifts work for you

You can’t control the exchange rate  but you can control how you move your money.

Compare your options
Banks often add hidden markups of 2–4% on the exchange rate. That’s money out of your pocket.

CurrencyFair offers bank beating rates on currency exchange and no hidden fees, so you keep more of what you send.

Watch the rate
If you’re not in a rush, timing can help. With CurrencyFair, you can set alerts to track the EUR to INR rate and transfer when it suits you.

Why it matters

The EUR to INR exchange rate affects far more than just money transfers.

• Businesses importing or exporting between Europe and India manage costs around it.
  
  
• Families and students transferring money for tuition or living expenses feel it directly.
  
  
• Investors use it as a sign of economic health and opportunity.
  
  

Understanding what drives the rate gives you confidence and control over when and how you transfer.

Get more rupees for your euros

Fluctuations are part of the market. Overpaying doesn’t have to be.

With CurrencyFair, you can:

• Transfer at bank beating rates on currency exchange
  
  
• Avoid hidden fees
  
  
• Move money quickly and securely between Europe and India
  
  

Transfer money overseas and see how much more you could save today.