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INR to PKR: Indian Rupee to Pakistani Rupee

Live INR to PKR exchange rate today - 1 INR equals 2.9351 PKR, with an instant two-way converter for Indian Rupee to Pakistani Rupee.

Today's INR to PKR Exchange Rate

1 INR = 2.935100 PKR

1 PKR = 0.3407 INR

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

Currency Converter

1.00 Indian Rupee =

2.9351 Pakistani Rupee

Last updated: September 3, 2026

This INR to PKR 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 Pakistani Rupee (PKR) 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 PKR (Pakistani Rupee)?

A managed float whose day-to-day path has, in recent years, been closely tied to Pakistan's IMF loan program conditions.

Key Facts

  • ISO code: PKR
  • Symbol: โ‚จ
  • Subunit: 100 paisa = 1 rupee (paisa coins are largely out of circulation)
  • Issued by: State Bank of Pakistan (SBP)

Why Does the INR/PKR Exchange Rate Change?

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

  • IMF program conditions - Pakistan's exchange rate has, in recent years, moved in step with terms tied to its IMF loan program rather than a fully free float.
  • State Bank of Pakistan's foreign exchange reserve levels, which directly affect its ability to defend the currency during pressure.
  • Pakistan's trade deficit and remittance inflows from its large overseas workforce.
  • Political and economic stability within Pakistan, which has historically caused sharp, sudden currency moves.
  • India-Pakistan bilateral trade is minimal given political relations, so this pair moves largely on Pakistan-side conditions rather than direct trade flows the way most other pairs on this site do.
  • RBI intervention and rupee-side factors.

Frequently Asked Questions

Is the Pakistani Rupee pegged to the US Dollar?

No, though it isn't fully free-floating either. The State Bank of Pakistan runs what's widely described as a managed float, and its pace of adjustment has closely tracked conditions set under Pakistan's IMF loan program in recent years.

Why doesn't India-Pakistan trade drive this exchange rate the way it does for other pairs?

Direct trade between India and Pakistan is minimal due to the political relationship between the two countries, so unlike, say, INR/AED or INR/CNY, this pair's movement mostly reflects what's happening inside Pakistan's economy and IMF program, plus the same rupee-side factors that move INR against any currency, not bilateral trade flows.

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.

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