On 20 October 2026, SBI's TT buying rate for the US dollar stood at 94.43 rupees per unit, unchanged from the previous card dated 19 October 2026. Among major currencies, the euro edged up to 105.21 from 105.17, the pound rose to 125.04 from 125.00, the Canadian dollar climbed to 66.57 from 66.40, and the Singapore dollar inched to 73.27 from 73.23, while the yen softened to 59.30 (per 100 units) from 59.35 and the Swiss franc eased to 113.09 from 113.17.
By the numbers: On 20 October 2026, SBI’s telegraphic transfer (TT) buying rate for the US Dollar is ₹94.43 — 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 20 October 2026.
SBI TT buying rate today — the four currencies most ITRs need (20 October 2026)
| Currency | TT Buy | INR per 1 unit | Change vs 19 October 2026 |
|---|---|---|---|
| USD | 94.43 | ₹94.43 | unchanged |
| EUR | 105.21 | ₹105.21 | ▲ 0.04 |
| GBP | 125.04 | ₹125.04 | ▲ 0.04 |
| JPY (per 100) | 59.30 | ₹0.5930 | ▼ 0.0005 |
"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 20 October 2026; the figures below reflect the latest card of the day.
For taxpayers reporting foreign income in their income-tax return, today's card offers a steady dollar conversion benchmark at 94.43 and modest shifts in other currencies. Rule 115 of the Income-tax Rules, 1962 (carried forward as Rule 206 under the Income-tax Act, 2025 from financial year 2026–27 onwards) requires use of the SBI TT buying rate on the specified date—typically the date of receipt, accrual or the last day of the previous year—to convert foreign receipts into rupees. Small daily movements in the euro, pound, Canadian dollar and Singapore dollar may affect your taxable income if those currencies apply to your foreign earnings on the specified date.
SBI FOREX card rates for 20 October 2026 — full table
All figures are from SBI’s official FOREX CARD RATES sheet (card time 10:22 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 | 94.43 | 95.28 | 94.36 | 95.45 | ₹94.43 | unchanged |
| EUR Euro | 105.21 | 107.90 | 105.14 | 108.10 | ₹105.21 | ▲ 0.04 |
| GBP British Pound | 125.04 | 127.89 | 124.95 | 128.12 | ₹125.04 | ▲ 0.04 |
| JPY Japanese Yen (per 100) | 59.30 | 60.60 | 59.25 | 60.71 | ₹0.5930 | ▼ 0.0005 |
| CHF Swiss Franc | 113.09 | 116.92 | 113.01 | 117.13 | ₹113.09 | ▼ 0.08 |
| AUD Australian Dollar | 65.09 | 67.39 | 65.04 | 67.51 | ₹65.09 | ▲ 0.06 |
| CAD Canadian Dollar | 66.57 | 68.15 | 66.52 | 68.27 | ₹66.57 | ▲ 0.17 |
| SGD Singapore Dollar | 73.27 | 75.11 | 73.22 | 75.24 | ₹73.27 | ▲ 0.04 |
| AED UAE Dirham | 25.20 | 26.48 | 25.18 | 26.53 | ₹25.20 | unchanged |
| SAR Saudi Riyal | 23.98 | 26.65 | 23.96 | 26.70 | ₹23.98 | unchanged |
📄 Download the official SBI rate card PDF for 20 October 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 telegraphic transfer buying rate for the US dollar on 20 October 2026 is 94.43 rupees per unit. This is the same as the rate published on the previous card dated 19 October 2026.
Why does my ITR need the SBI TT buying rate and not a Google rate?
Rule 115 (or Rule 26 for certain payments) of the Income-tax Rules, 1962—carried forward as Rule 206 and Rule 207 under the Income-tax Act, 2025 from FY 2026–27—specifically points to SBI's telegraphic transfer buying rate for converting foreign currency into rupees for tax purposes, not market aggregators or search-engine rates. Using any other rate, including rates shown by Google, can lead to incorrect reporting and potential scrutiny from the income-tax department.
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.
