Live INR to MYR exchange rate today - 1 INR equals 0.0427 MYR, with an instant two-way converter for Indian Rupee to Malaysian Ringgit.
1 INR = 0.042670 MYR
1 MYR = 23.4357 INR
1.00 Indian Rupee =
0.0427 Malaysian Ringgit
Last updated: September 4, 2026
This INR to MYR 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 Malaysian Ringgit (MYR) box to see the live conversion instantly.
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.
Was pegged to the US Dollar from 1998 to 2005 (during the Asian financial crisis) and has floated, managed by BNM, since.
The INR/MYR rate moves every trading day, driven mainly by:
Not anymore. Malaysia pegged the ringgit to the dollar from 1998 to 2005, during the Asian financial crisis, then moved to a managed float that Bank Negara Malaysia still oversees today.
Malaysia is one of the world's largest palm oil producers and exporters, so global palm oil prices, and India's own demand for it as a major importer, directly affect how much foreign currency flows into Malaysia and, in turn, the ringgit's value.
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.
Once a day, refreshed at 7:00 AM IST from the Frankfurter API.
Frankfurter (frankfurter.dev), a free exchange-rate API that blends official reference rates from multiple central banks rather than relying on a single source.
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.