About this pair
INR/JPY: what to know
The INR/JPY rate shows how much JPY you get for 1 INR. Right now, 1 INR buys 1.6897 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.5918 INR.
In the short term INR is driven mainly by oil prices and capital flows, while JPY responds to Bank of Japan policy and global risk appetite.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the INR/JPY rate has ranged between 1.6424 and 1.7767 — a change of -1.10% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.