Convert Indian Rupee to Japanese Yen
INR to JPY Exchange Rate Calculator
1 Indian Rupee (INR) = 1.6663 Japanese Yen (JPY) at the live mid-market rate. That means $100 INR converts to roughly 166.63 JPY, and $1,000 INR converts to about 1,666.30 JPY. The INR/JPY rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day INR/JPY context
Over the past 90 days, INR/JPY has traded between 1.6425 and 1.7252. The current rate of 1.6663 sits roughly 29% through that range — near the lower end, meaning Japanese Yen has been stronger than typical against Indian Rupee recently. Versus the rate 90 days ago, Indian Rupee has weakened by 2.70% against Japanese Yen.
INR/JPY Price History
Interactive INR/JPY exchange rate chart with 7-day, 30-day, and 90-day views.
About Indian Rupee (INR)
The Indian Rupee (INR) is the official currency of India, serving over 1.4 billion people. Managed by the Reserve Bank of India (RBI) under a flexible inflation-targeting regime, INR has a structural depreciation bias against USD driven by persistent trade deficits and oil imports.
- •Issued by the Reserve Bank of India, founded in 1935
- •The ₹ symbol was officially adopted in 2010
- •India is the world's third-largest oil importer
- •RBI targets CPI inflation at 4% (±2%)
- •India's GDP is the world's fifth-largest by nominal output
About Japanese Yen (JPY)
The Japanese Yen (JPY) is the official currency of Japan and the third-most-traded currency worldwide. It is the premier carry-trade funding currency thanks to decades of ultra-low interest rates, and it plays a defining safe-haven role during global equity selloffs.
- •Third-most-traded currency, ~17% of daily forex volume
- •Bank of Japan ended its negative interest rate policy in March 2024 after 17 years
- •Japan holds the world's largest net international investment position
- •Yen weakness typically boosts Japanese exporter earnings (Toyota, Sony, etc.)
- •The Ministry of Finance — not the BoJ — controls FX intervention policy
Frequently Asked Questions
Why is INR more volatile than most G10 currencies?
INR is an emerging-market currency, which means it is more sensitive to global risk appetite, commodity cycles, and US Dollar strength. Daily ranges of 1–3% are common during risk-off episodes, compared to 0.5–1% for major G10 pairs.
What is a typical daily range for INR/JPY?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move INR/JPY the most?
The biggest scheduled catalysts are RBI bi-monthly meetings and Foreign Portfolio Investment flows and BoJ rate decisions, MoF intervention language, and BoJ Outlook Reports. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert INR to JPY at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market INR/JPY than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the INR/JPY rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market INR/JPY rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
Related Conversions
More on INR and JPY
Country money guides, key terms, rate history, and articles related to INR/JPY.
Country guides
Glossary
- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Safe-Haven CurrencyA safe-haven currency is one that investors buy during periods of global financial stress,…
Rate history
Articles
- Indian Rupee Nearing 100/Dollar: Currency Crisis ExplainedThe rupee hit 94.82/USD — an all-time low. Foreign investors pulled $12B, the RBI staged its biggest intervention since 2013, and oil is making it worse.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers