Latest rates · Updated 30 Oct 20:50 UTC
USDT to INR rate today
P2P buy reference: the lower of the OKX and Binance P2P buy rates
Quote No. 20261030·2050 UTC
| Platform | Buy | Sell |
|---|---|---|
| OKX P2P | — | 100.20 |
| Binance P2P | 103.00 | 103.40 |
| Spot reference | 95.1589 | |
Buy is what you pay for 1 USDT; sell is what you receive for 1 USDT. We only count ads whose order limits cover about USD 300 (28,589 INR) and take the median of the five best prices.
USDT to INR price chart
Solid lines are P2P rates. The dashed line is the spot reference: the OKX USDT/USD index multiplied by the day's USD exchange rate. When P2P sits above the dashed line, buying USDT on P2P costs more than spot.
- OKX P2P
- Binance P2P
- Spot reference
Show the latest 12 data points
| Time | Spot reference | OKX | Binance |
|---|
USDT converter
Type in either box. The P2P buy rate is used by default; switch to the sell rate or the spot reference.
Using 1 USDT = 103.0000 INR
| USDT | ≈ INR (buy rate) |
|---|---|
| 1 USDT | 103.00 |
| 10 USDT | 1,030.00 |
| 100 USDT | 10,300.00 |
| 500 USDT | 51,500.00 |
| 1,000 USDT | 103,000.00 |
Popular amounts
Indian tax rules on crypto (VDA) transfers
| Rule | What the official page says | Source |
|---|---|---|
| Tax on gains | “Gains from Virtual Digital Assets are subject to a 30% tax (along with applicable surcharge and 4% cess) under Section 115BBH” | Income Tax Department, ITR-2 FAQ |
| Where gains are reported | A separate Schedule VDA in ITR-2 and ITR-3, where VDA income can be disclosed transaction-wise | Same page |
| TDS on payment for a VDA transfer | Section 194S. The tax deducted is reported on Form 26QE. Form 16E is the TDS certificate for payments on transfer of a VDA under section 194S | TRACES, Form 26QE FAQ |
| Under the Income-tax Act, 2025 | Forms 26QB, 26QC, 26QD and 26QE “have now been merged into a single unified form, Form 141”. Its Schedule D (Virtual Digital Asset Transactions) can be filed only by individual and HUF deductors | Income Tax Department, Form 141 FAQ |
For the TDS rate, go to section 194S itself; the Form 141 FAQ states that there is no single prescribed rate for that form. If you trade with another individual on P2P, ask the Income Tax Department or a tax adviser which side deducts the tax before you settle the trade.
OKX, Binance and users in India
OKX's Risk & Compliance Disclosure (last updated 8 July 2026) names India among its Restricted Locations, places where OKX “may restrict or prohibit use of all or a portion of the Services”.
For Binance, the public record is an enforcement order followed by a registration. In Order No. 10/DIR/FIU-IND/2024 of 19 June 2024, India's Financial Intelligence Unit found Binance to be a reporting entity under section 2(1)(wa) of the Prevention of Money Laundering Act and imposed a penalty of Rs 18,82,00,000 (Rs 18.82 crore). On 15 August 2024, Binance announced that it had registered as a reporting entity with FIU-IND. India is not on Binance's List of Prohibited Countries (version updated 5 January 2026).
An FIU-IND registration concerns anti-money-laundering reporting. It says nothing about how the tax rules above apply to a given trade.
FAQ
How much is 100 USDT in rupees today?
Type 100 into the converter on this page, or read the latest board above it; both refresh every 10 minutes. Use the buy rate if you are paying rupees for USDT and the sell rate if you are turning USDT into rupees. The ad you pick on the exchange sets the final amount.
Why can the OKX buy price for INR be missing on this page?
On 27 October 2026 OKX listed no INR buy ads, so the OKX buy cell showed a dash and the rupee buy figure came from Binance alone. OKX's Risk & Compliance Disclosure lists India among its Restricted Locations, where OKX may restrict all or part of its services.
What tax applies to crypto gains in India?
The Income Tax Department's ITR-2 FAQ says gains from virtual digital assets are taxed at 30% under section 115BBH, plus applicable surcharge and 4% cess. ITR-2 and ITR-3 have a separate Schedule VDA where this income can be disclosed transaction-wise.
Who deducts TDS when USDT changes hands on P2P in India?
The Income Tax Department's pages confirm TDS on payments for the transfer of a virtual digital asset (section 194S, reported on Form 26QE, and on Form 141 under the Income-tax Act, 2025). They do not say who deducts in a P2P trade between two individuals. Ask the Income Tax Department or a tax adviser.