On 18 August 2026, SBI's telegraphic transfer buying rate for the US dollar stands at 95.25 rupees per unit, up from 95.10 on 17 August 2026. Most major currencies including the euro at 109.40, the pound sterling at 128.10, the Swiss franc at 116.00, the Australian dollar at 66.81, the Canadian dollar at 68.17, the Singapore dollar at 73.96, the UAE dirham at 25.42 and the Saudi riyal at 24.32 have also moved higher, whilst the Japanese yen eased to 59.34 per 100 units from 59.40.
By the numbers: On 18 August 2026, SBI’s telegraphic transfer (TT) buying rate for the US Dollar is ₹95.25 — the exact rate Rule 115 of the Income-tax Rules, 1962 (carried forward as Rule 206 under the Income-tax Act, 2025 from FY 2026-27) prescribes for converting foreign income of this specified date into rupees. Source: Income Tax Department (Rule 115, Income-tax Rules 1962 — new Rule 206 from FY 2026-27); rates from SBI’s official FOREX CARD RATES sheet of 18 August 2026.
SBI TT buying rate today — the four currencies most ITRs need (18 August 2026)
| Currency | TT Buy | INR per 1 unit | Change vs 17 August 2026 |
|---|---|---|---|
| USD | 95.25 | ₹95.25 | ▲ 0.15 |
| EUR | 109.40 | ₹109.40 | ▲ 0.1 |
| GBP | 128.10 | ₹128.10 | ▲ 0.1 |
| JPY (per 100) | 59.34 | ₹0.5934 | ▼ 0.0006 |
"The TT buying rate on the Rule 115 specified date (Rule 206 under the new Income-tax Act, 2025) — not the day you were paid, and never a Google rate — is the figure that goes into your return." — CA Juber Attar, TaxFetch e-CA Tax Expert
For taxpayers converting foreign income such as salary, dividends or consultancy receipts into rupees for income-tax return purposes, today's modest uptick means a slightly higher rupee value on remittances received or deemed received on 18 August 2026 (the specified date under Rule 115, which will be carried forward as Rule 206 under the Income-tax Act, 2025 from FY 2026-27). Whether you are a non-resident Indian, a returning resident or a freelancer billing overseas clients, using the correct SBI TT buying rate on the transaction or receipt date ensures compliance with the Central Board of Direct Taxes notification. Always match the card date to your actual receipt or accrual date to avoid mismatches during assessment.
SBI FOREX card rates for 18 August 2026 — full table
All figures are from SBI’s official FOREX CARD RATES sheet (card time 9:13 AM IST). JPY is quoted per 100 units, so divide the card figure by 100 for the per-yen rate — the INR-per-1-unit column below already does this.
| Currency | TT Buy | TT Sell | Bill Buy | Bill Sell | INR per 1 unit | Day change |
|---|---|---|---|---|---|---|
| USD US Dollar | 95.25 | 96.10 | 95.18 | 96.27 | ₹95.25 | ▲ 0.15 |
| EUR Euro | 109.40 | 112.12 | 109.30 | 112.32 | ₹109.40 | ▲ 0.1 |
| GBP British Pound | 128.10 | 130.96 | 127.99 | 131.20 | ₹128.10 | ▲ 0.1 |
| JPY Japanese Yen (per 100) | 59.34 | 60.63 | 59.29 | 60.74 | ₹0.5934 | ▼ 0.0006 |
| CHF Swiss Franc | 116.00 | 119.95 | 115.89 | 120.16 | ₹116.00 | ▲ 0.3 |
| AUD Australian Dollar | 66.81 | 69.17 | 66.76 | 69.30 | ₹66.81 | ▲ 0.19 |
| CAD Canadian Dollar | 68.17 | 69.80 | 68.12 | 69.92 | ₹68.17 | ▲ 0.09 |
| SGD Singapore Dollar | 73.96 | 75.80 | 73.91 | 75.94 | ₹73.96 | ▲ 0.13 |
| AED UAE Dirham | 25.42 | 26.71 | 25.40 | 26.76 | ₹25.42 | ▲ 0.04 |
| SAR Saudi Riyal | 24.32 | 26.98 | 24.30 | 27.03 | ₹24.32 | ▲ 0.05 |
📄 Download the official SBI rate card PDF for 18 August 2026 — the dated card, exactly as SBI published it, from the TaxFetch archive (free, no sign-in needed). Keep it with your ITR working papers.
What is SBI’s TT buying rate for USD today?
SBI's TT buying rate for the US dollar on 18 August 2026 is 95.25 rupees per unit. This is the rate you must use if your foreign income in USD was received or is deemed received on this date.
Why does my ITR need the SBI TT buying rate and not a Google rate?
Rule 115 of the Income-tax Rules, 1962 (to be carried forward as Rule 206 under the Income-tax Act, 2025 from FY 2026-27) and the corresponding exchange rate rule (Rule 26, carried forward as Rule 207) require taxpayers to convert foreign income using SBI's telegraphic transfer buying rate on the specified date, not interbank or search-engine rates. This standardised rate ensures uniform compliance and is the only legally recognised conversion basis for income-tax returns in India.
Which date’s rate should I actually use?
Rule 115 fixes a specified date per income type — and the same specified dates carry forward as Rule 206 of the Income-tax Rules, 2026 under the Income-tax Act, 2025 (income of FY 2026-27 onward). In short: FY 2025-26 and earlier returns cite Rule 115; FY 2026-27 onward cite Rule 206 — the rate itself is SBI’s TT buying rate either way. Per income type — for foreign salary and RSU/ESOP perquisites it is the last day of the month before the month the income fell due; for capital gains, the last day of the month before the month of transfer; Schedule FA closing balances take the 31 December rate. Our free SBI TTBR lookup tool works the date rule out for you, steps back to the last published card when SBI issued none, and shows the archive back to January 2020 with every original PDF.
