# In India a stablecoin dollar costs 6.0% more than the official rate

Prices from the 02:00 UTC hour, 2 Nov.

The official rate is 95.08 INR per dollar. On the exchanges where people in India trade stablecoins, one costs 100.84 INR. A stablecoin is a coin that stays worth one US dollar.

For US$100, people pay 10,084 INR. The official rate says 9,508 INR.

Prices from the 02:00 UTC hour, 2 Nov

You could buy only US$2,000 here before the price goes up 1%.

<https://margin.wiki/data/countries/INR.json>

## How the gap moved, day by day

One point per day, the price we published that day. 0% is the official rate.

Today's gap is normal for here since 5 Sep 2026, in our own checks. On most days the gap is between 2.9% and 7.0%.

## Where this price comes from

We take a country's price from exchanges first, then brokers, then people selling to each other on Binance and OKX. Here it comes from exchanges.

CoinDCX

100.67 INR +5.9%

WazirX

101.00 INR +6.2%

## Where to go next

Sending money to India

What a stablecoin and the cheapest transfer app cost on the way there, this hour.

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Every country

All 55 countries, sorted by how far a dollar sits above the official rate.

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