Calculate Russian Ruble to Indian Rupee exchange rate

This page shows how many Indian rupees one Russian ruble is worth and how many rubles a rupee buys. The pair matters because Russia sells India large volumes of oil, fertiliser and defence equipment, and both countries have looked for ways to settle in their own currencies.

Key facts

From currency

Russian ruble (RUB, numeric code 643); symbol ₽ since December 2013, one ruble is 100 kopecks

To currency

Indian rupee (INR, code 356), written ₹ and split into 100 paise

Central banks

Bank of Russia for the ruble, Reserve Bank of India for the rupee

Exchange regime

The ruble floats freely, though Russian capital controls and sanctions affect who can trade it; the rupee is a managed float

How this site computes it

The two currencies rarely trade directly with each other, so the page builds a synthetic cross by dividing the rupee's global rate per dollar by the ruble's rate per dollar

Tehran market line

A separate Tehran market line appears when the toman prices of the two currencies imply a cross rate that differs from the global one

Common use

Settling energy, fertiliser and machinery trade between India and Russia, and costs for Indian students and travellers in Russia

What moves the price

• Crude oil prices, because oil is the largest item Russia sells to India
• Bank of Russia key-rate decisions and the capital controls introduced after 2022
• Western sanctions, which decide whether trade is settled in dollars, rupees, rubles or a third currency
• India's rupee policy and the Reserve Bank's support for rupee settlement of trade

Two directions, one synthetic rate

Because the rate is built through the dollar, the ruble-to-rupee figure and the rupee-to-ruble figure are exact inverses. Multiply a ruble amount by the headline rate to get rupees, and divide a rupee amount by it to get rubles. A fertiliser invoice written in rubles, for example, is converted with a single multiplication.

Real transactions can differ from this page, because banks add their own spread and some trade is settled through special rupee accounts.

Why Iran appears in this story

The International North-South Transport Corridor links Mumbai with Russia through Iranian ports and railways, so Iranian forwarders and traders see Indian and Russian invoices side by side. The ruble-rupee cross helps them judge whether a Russian or an Indian supplier is cheaper for goods moving along that route.