Banks' USD Forex Rates Vary Widely: Compare for Transfers, Cards & Cash

• INR/USD forex rates on March 12 showed significant variations across major banks for different transaction types.
• Inward remittances (TT buying) ranged from Rs 90.64 to Rs 92.01, while outward remittances (TT selling) were Rs 92.67 to Rs 93.99.
• Forex/travel card top-ups cost Rs 92.45 to Rs 94.41, with cash dollar purchases reaching up to Rs 95.05.
• Rates differ from interbank market due to bank margins and service charges, varying by transaction mode.
• Comparing rates across banks and transaction types can help reduce overall foreign exchange costs.