IRT
Air Quality Index (AQI), weather, fuel, gold and mandi prices and other Live data from India - sourced from official and trusted data
๐Ÿ’ฑ

INR to JPY: Indian Rupee to Japanese Yen

Live INR to JPY exchange rate today - 1 INR equals 1.6700 JPY, with an instant two-way converter for Indian Rupee to Japanese Yen.

Today's INR to JPY Exchange Rate

1 INR = 1.670000 JPY

1 JPY = 0.5988 INR

Updated: September 3, 2026 ยท Source: Frankfurter API (blended central bank reference rates)

Currency Converter

1.00 Indian Rupee =

1.6700 Japanese Yen

Last updated: September 3, 2026

This INR to JPY rate is sourced from the Frankfurter exchange rate API, which aggregates reference rates from central banks and financial data providers. Rates on this page are refreshed daily and reflect the mid-market exchange rate (the midpoint between buy and sell prices), rather than the retail rate offered at a bank or currency exchange counter.

Use the calculator above to convert any amount both ways: enter a value in either the INR box or the Japanese Yen (JPY) box to see the live conversion instantly.

Related Data

What is INR (Indian Rupee)?

A managed float, not pegged to any other currency - the RBI lets the market set its value but occasionally buys or sells dollars to smooth out sharp swings.

Key Facts

  • ISO code: INR
  • Symbol: โ‚น
  • Subunit: 100 paise = 1 rupee
  • Issued by: Reserve Bank of India (RBI)

What is JPY (Japanese Yen)?

After decades of near-zero interest rates, the yen has long been a 'funding currency' for carry trades - investors borrowing cheaply in yen to invest in higher-yielding currencies elsewhere - which makes it react sharply whenever BOJ policy shifts.

Key Facts

  • ISO code: JPY
  • Symbol: ยฅ
  • Subunit: No subunit in practical use (the sen, 1/100 yen, was discontinued in 1953)
  • Issued by: Bank of Japan (BOJ)

Why Does the INR/JPY Exchange Rate Change?

The INR/JPY rate moves every trading day, driven mainly by:

  • Bank of Japan monetary policy - after years of near-zero rates, any BOJ policy shift moves the yen sharply.
  • The US-Japan interest rate gap - a wide gap has historically driven investors to borrow cheap yen and invest in higher-yielding dollar assets (the 'carry trade'), weakening the yen; a narrowing gap reverses that flow.
  • Japanese government/BOJ currency intervention - Japan's authorities have directly bought yen in the market during past episodes of rapid weakening, a lever most other central banks on this list don't use as visibly.
  • Safe-haven flows - the yen has traditionally strengthened during global risk-off periods, though this pattern has weakened in recent years alongside low Japanese rates.
  • Japan's energy import costs - Japan imports nearly all its energy, so global energy prices affect yen demand.
  • RBI intervention and rupee-side factors, the same ones that move INR against any currency.

Frequently Asked Questions

Why does the Japanese Yen move so much on interest rate news?

Japan kept interest rates near zero for decades, which made the yen a cheap currency to borrow for investing elsewhere (the 'carry trade'). Any sign the Bank of Japan will raise rates threatens to unwind that trade at scale, which is why yen moves can be sharper than other major currencies' reactions to similar news.

Does 1 Indian Rupee convert to a large number of Yen?

Yes - the yen trades at a much larger numerical rate per unit of foreign currency than most currencies on this list, simply because of how it's denominated, not because it's a 'weaker' currency in any deeper sense. Use the converter above for the exact figure.

Is this the bank rate or forex rate?

It's the mid-market rate, the midpoint between the buy and sell price on the global currency market, with no margin added. Banks, forex counters and card networks add their own markup on top, so the rate you're actually charged when exchanging cash or paying by card abroad will differ, usually by 1 to 4 percent in their favor.

How often is the rate updated?

Once a day, refreshed at 7:00 AM IST from the Frankfurter API.

Where do these rates come from?

Frankfurter (frankfurter.dev), a free exchange-rate API that blends official reference rates from multiple central banks rather than relying on a single source.

Can I use this rate for an actual currency conversion?

Use it as a reference for roughly what you should be getting, not as the exact rate you'll receive. An actual transaction, a bank transfer, cash exchange, or a card payment abroad, goes through your bank or exchange provider's own rate, which includes their margin and any transaction fees.

โ†‘