On 31 October 2026, SBI's TT buying rate for the US dollar stood at 94.36 rupees per unit, edging up by 0.01 rupees from the previous card dated 30 October 2026 (94.35). The euro climbed to 104.86 from 104.72, whilst the pound sterling softened to 125.56 from 125.81.
By the numbers: On 31 October 2026, SBI’s telegraphic transfer (TT) buying rate for the US Dollar is ₹94.36 — 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 31 October 2026.
SBI TT buying rate today — the four currencies most ITRs need (31 October 2026)
| Currency | TT Buy | INR per 1 unit | Change vs 30 October 2026 |
|---|---|---|---|
| USD | 94.36 | ₹94.36 | ▲ 0.01 |
| EUR | 104.86 | ₹104.86 | ▲ 0.14 |
| GBP | 125.56 | ₹125.56 | ▼ 0.25 |
| JPY (per 100) | 59.50 | ₹0.5950 | ▼ 0.0019 |
"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-source income to report in their income-tax return, today's marginal rise in the dollar rate and mixed movements across other currencies underline the importance of using the correct specified-date rate. Rule 115 (carried forward as Rule 206 under the Income-tax Act, 2025 from FY 2026-27) requires you to convert forex receipts at SBI's TT buying rate on the date the income is received or accrued, ensuring a uniform and auditable conversion method. Using any other rate or an approximate figure can result in mismatches during assessment.
SBI FOREX card rates for 31 October 2026 — full table
All figures are from SBI’s official FOREX CARD RATES sheet (card time 10:11 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 | 94.36 | 95.21 | 94.29 | 95.38 | ₹94.36 | ▲ 0.01 |
| EUR Euro | 104.86 | 107.55 | 104.78 | 107.74 | ₹104.86 | ▲ 0.14 |
| GBP British Pound | 125.56 | 128.42 | 125.46 | 128.65 | ₹125.56 | ▼ 0.25 |
| JPY Japanese Yen (per 100) | 59.50 | 60.81 | 59.46 | 60.92 | ₹0.5950 | ▼ 0.0019 |
| CHF Swiss Franc | 113.13 | 117.01 | 113.04 | 117.22 | ₹113.13 | ▼ 0.37 |
| AUD Australian Dollar | 65.46 | 67.80 | 65.41 | 67.92 | ₹65.46 | ▼ 0.04 |
| CAD Canadian Dollar | 67.03 | 68.63 | 66.98 | 68.75 | ₹67.03 | ▼ 0.09 |
| SGD Singapore Dollar | 73.19 | 75.07 | 73.14 | 75.21 | ₹73.19 | ▼ 0.08 |
| AED UAE Dirham | 25.18 | 26.46 | 25.16 | 26.51 | ₹25.18 | unchanged |
| SAR Saudi Riyal | 24.01 | 26.71 | 23.99 | 26.76 | ₹24.01 | unchanged |
📄 Download the official SBI rate card PDF for 31 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 TT buying rate for the US dollar on 31 October 2026 is 94.36 rupees per unit. This is the figure you must use to convert any dollar income received or accrued on this date for income-tax purposes.
Why does my ITR need the SBI TT buying rate and not a Google rate?
Rule 115 (and Rule 26 for earlier years), carried forward as Rule 206 and Rule 207 under the Income-tax Act, 2025 from FY 2026-27, explicitly prescribe SBI's telegraphic transfer buying rate as the only authorised conversion rate for foreign income in your ITR. Google rates or other market quotations have no legal standing under the Income-tax Act and will not be accepted by the 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.
