On 1 September 2026, SBI's TT buying rate for the US dollar stands at 94.50 rupees per unit. The USD rate has strengthened by 0.40 rupees compared to the previous card dated 31 August 2026, when it was 94.90.
By the numbers: On 1 September 2026, SBI’s telegraphic transfer (TT) buying rate for the US Dollar is ₹94.50 — 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 1 September 2026.
SBI TT buying rate today — the four currencies most ITRs need (1 September 2026)
| Currency | TT Buy | INR per 1 unit | Change vs 31 August 2026 |
|---|---|---|---|
| USD | 94.50 | ₹94.50 | ▼ 0.4 |
| EUR | 108.80 | ₹108.80 | ▼ 0.4 |
| GBP | 127.20 | ₹127.20 | ▼ 0.5 |
| JPY (per 100) | 58.74 | ₹0.5874 | ▼ 0.0035 |
"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
Revised card: SBI reissued its rate card later on 1 September 2026; the figures below reflect the latest card of the day.
For taxpayers converting foreign income into rupees for income-tax return purposes, today's lower rates across major currencies mean fewer rupees realised per unit of foreign currency received. Rule 115 (carried forward as Rule 206 under the Income-tax Act, 2025 from FY 2026-27 onwards) prescribes the use of the SBI TT buying rate on the specified date or the last date of the month preceding receipt. Today's movements—EUR at 108.80 (down from 109.20), GBP at 127.20 (down from 127.70), and CHF at 115.30 (down from 116.00)—illustrate the importance of checking the card applicable to your transaction date.
SBI FOREX card rates for 1 September 2026 — full table
All figures are from SBI’s official FOREX CARD RATES sheet (card time 11:04 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 | 94.50 | 95.35 | 94.43 | 95.52 | ₹94.50 | ▼ 0.4 |
| EUR Euro | 108.80 | 111.53 | 108.75 | 111.73 | ₹108.80 | ▼ 0.4 |
| GBP British Pound | 127.20 | 130.02 | 127.06 | 130.25 | ₹127.20 | ▼ 0.5 |
| JPY Japanese Yen (per 100) | 58.74 | 60.02 | 58.69 | 60.12 | ₹0.5874 | ▼ 0.0035 |
| CHF Swiss Franc | 115.30 | 119.26 | 115.21 | 119.47 | ₹115.30 | ▼ 0.7 |
| AUD Australian Dollar | 66.90 | 69.22 | 66.85 | 69.34 | ₹66.90 | ▼ 0.22 |
| CAD Canadian Dollar | 67.66 | 69.27 | 67.61 | 69.39 | ₹67.66 | ▼ 0.15 |
| SGD Singapore Dollar | 73.73 | 75.58 | 73.67 | 75.71 | ₹73.73 | ▼ 0.25 |
| AED UAE Dirham | 25.22 | 26.50 | 25.20 | 26.55 | ₹25.22 | ▼ 0.11 |
| SAR Saudi Riyal | 23.98 | 26.55 | 23.97 | 26.60 | ₹23.98 | ▼ 0.06 |
📄 Download the official SBI rate card PDF for 1 September 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 1 September 2026 is 94.50 rupees per US dollar. This is the rate published on today's revised card.
Why does my ITR need the SBI TT buying rate and not a Google rate?
Rule 115 (and Rule 26, carried forward as Rule 206 and Rule 207 respectively under the Income-tax Act, 2025 from FY 2026-27) specifically require the use of SBI's telegraphic transfer buying rate for converting foreign income to rupees in your ITR, not commercial search-engine rates. Using any other rate would not comply with the statutory method of conversion prescribed by the income-tax rules.
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.
