On 29 August 2026, SBI's TT buying rate for the US dollar stands at 95.00 rupees per unit, down from 95.10 rupees on 28 August 2026. Most major currencies also eased against the rupee, with the euro falling from 109.90 to 109.20, the pound from 128.40 to 127.70, and the Swiss franc from 116.80 to 115.90.
By the numbers: On 29 August 2026, SBI’s telegraphic transfer (TT) buying rate for the US Dollar is ₹95.00 — 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 29 August 2026.
SBI TT buying rate today — the four currencies most ITRs need (29 August 2026)
| Currency | TT Buy | INR per 1 unit | Change vs 28 August 2026 |
|---|---|---|---|
| USD | 95.00 | ₹95.00 | ▼ 0.1 |
| EUR | 109.20 | ₹109.20 | ▼ 0.7 |
| GBP | 127.70 | ₹127.70 | ▼ 0.7 |
| JPY (per 100) | 58.98 | ₹0.5898 | ▼ 0.0029 |
"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 into rupees for Income Tax Return purposes, today's lower SBI TT buying rates mean marginally reduced rupee values of overseas earnings compared to yesterday. Under Rule 206 of the Income-tax Act, 2025 (applicable from FY 2026-27 onwards, replacing the earlier Rule 115), the telegraphic transfer buying rate of SBI on the specified date—typically the date of receipt or accrual—is the prescribed rate for conversion. These daily shifts underscore why the specified-date rate, rather than an average or month-end rate, determines the taxable income reported in Indian rupees.
SBI FOREX card rates for 29 August 2026 — full table
All figures are from SBI’s official FOREX CARD RATES sheet (card time 9:00 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 | 95.00 | 95.85 | 94.93 | 96.02 | ₹95.00 | ▼ 0.1 |
| EUR Euro | 109.20 | 111.91 | 109.10 | 112.11 | ₹109.20 | ▼ 0.7 |
| GBP British Pound | 127.70 | 130.62 | 127.64 | 130.86 | ₹127.70 | ▼ 0.7 |
| JPY Japanese Yen (per 100) | 58.98 | 60.26 | 58.93 | 60.36 | ₹0.5898 | ▼ 0.0029 |
| CHF Swiss Franc | 115.90 | 119.93 | 115.81 | 120.14 | ₹115.90 | ▼ 0.9 |
| AUD Australian Dollar | 67.21 | 69.58 | 67.16 | 69.70 | ₹67.21 | ▼ 0.45 |
| CAD Canadian Dollar | 67.79 | 69.42 | 67.74 | 69.54 | ₹67.79 | ▼ 0.38 |
| SGD Singapore Dollar | 73.93 | 75.83 | 73.88 | 75.97 | ₹73.93 | ▼ 0.34 |
| AED UAE Dirham | 25.36 | 26.63 | 25.34 | 26.68 | ₹25.36 | ▼ 0.02 |
| SAR Saudi Riyal | 24.22 | 26.33 | 24.20 | 26.37 | ₹24.22 | ▼ 0.04 |
📄 Download the official SBI rate card PDF for 29 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 USD on 29 August 2026 is 95.00 rupees per US dollar. This is the rate you should use if your foreign income in dollars was received or accrued on this date.
Why does my ITR need the SBI TT buying rate and not a Google rate?
Rule 206 and Rule 207 of the Income-tax Act, 2025 (applicable from FY 2026-27, previously Rule 115 and Rule 26 under the 1961 Act) prescribe that foreign currency must be converted using the telegraphic transfer buying rate published by the State Bank of India on the specified date of receipt or accrual, not generic internet search rates. This ensures a uniform, auditable standard for all taxpayers reporting foreign income in their ITR.
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.
