On 2 September 2026, SBI's TT buying rate for the US dollar stood at 94.60 rupees per unit, up from 94.50 on 1 September 2026. Most major currencies softened against the rupee, with the British pound easing to 126.90 from 127.20 and the euro slipping to 108.70 from 108.80.
By the numbers: On 2 September 2026, SBI’s telegraphic transfer (TT) buying rate for the US Dollar is ₹94.60 — 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 2 September 2026.
SBI TT buying rate today — the four currencies most ITRs need (2 September 2026)
| Currency | TT Buy | INR per 1 unit | Change vs 1 September 2026 |
|---|---|---|---|
| USD | 94.60 | ₹94.60 | ▲ 0.1 |
| EUR | 108.70 | ₹108.70 | ▼ 0.1 |
| GBP | 126.90 | ₹126.90 | ▼ 0.3 |
| JPY (per 100) | 58.66 | ₹0.5866 | ▼ 0.0008 |
"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 when preparing their income-tax return, today's rates determine the taxable value of remittances or accruals received on 2 September 2026, since Rule 115 (carried forward as Rule 206 under the Income-tax Act, 2025 from FY 2026-27) prescribes using the SBI TT buying rate on the specified date. The dollar's climb to 94.60 means marginally higher rupee equivalents for US-dollar earnings, while the weakening of the pound and euro translates to slightly lower taxable amounts for income in those currencies. Consulting the exact SBI card rate—rather than any market average—ensures compliance with the statutory conversion method.
SBI FOREX card rates for 2 September 2026 — full table
All figures are from SBI’s official FOREX CARD RATES sheet (card time 9:07 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 | 94.60 | 95.45 | 94.53 | 95.62 | ₹94.60 | ▲ 0.1 |
| EUR Euro | 108.70 | 111.39 | 108.62 | 111.59 | ₹108.70 | ▼ 0.1 |
| GBP British Pound | 126.90 | 129.77 | 126.81 | 130.00 | ₹126.90 | ▼ 0.3 |
| JPY Japanese Yen (per 100) | 58.66 | 59.94 | 58.62 | 60.04 | ₹0.5866 | ▼ 0.0008 |
| CHF Swiss Franc | 115.00 | 118.91 | 114.89 | 119.12 | ₹115.00 | ▼ 0.3 |
| AUD Australian Dollar | 66.70 | 69.06 | 66.65 | 69.18 | ₹66.70 | ▼ 0.2 |
| CAD Canadian Dollar | 67.51 | 69.12 | 67.46 | 69.24 | ₹67.51 | ▼ 0.15 |
| SGD Singapore Dollar | 73.71 | 75.56 | 73.66 | 75.69 | ₹73.71 | ▼ 0.02 |
| AED UAE Dirham | 25.25 | 26.53 | 25.23 | 26.58 | ₹25.25 | ▲ 0.03 |
| SAR Saudi Riyal | 24.13 | 26.62 | 24.12 | 26.67 | ₹24.13 | ▲ 0.15 |
📄 Download the official SBI rate card PDF for 2 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 the US dollar on 2 September 2026 is 94.60 rupees per unit. This is the rate you must use to convert any dollar income received or accrued on that date for income-tax purposes.
Why does my ITR need the SBI TT buying rate and not a Google rate?
Rule 115 (under the old Act) and Rule 26 of the Income-tax Rules both specify SBI's telegraphic transfer buying rate as the prescribed conversion rate, not any internet search engine quote or interbank average—these rules are carried forward as Rule 206 and Rule 207 under the Income-tax Act, 2025 from FY 2026-27. Using the official SBI TT buying rate ensures your ITR complies with the statutory method and avoids disputes over valuation.
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.
