How much money can a foreigner change to rupee?

When a foreigner enters or leaves India, there are specific regulations regarding the amount of foreign currency they can bring or take with them, as well as the process for converting it to Indian rupees.

Bringing Foreign Currency into India

• A foreigner can bring any amount of foreign currency into India, but if the aggregate value of the foreign currency exceeds USD 5,000, it must be declared to the Customs Authorities at the airport in the Currency Declaration Form (CDF)5.

Converting Foreign Currency to Rupees

• Foreigners can exchange their foreign currency for Indian rupees at authorized currency exchange booths, banks, or hotels. There is no specific limit on the amount of foreign currency that can be exchanged for rupees, but the exchange must be done through authorized dealers25.

Leaving India with Unspent Foreign Exchange

• Foreigners leaving India can take with them the unspent foreign exchange left from the amount declared in the Currency Declaration Form at the time of their arrival in India45.

In summary, while there is no upper limit on the amount of foreign currency a foreigner can exchange for rupees, any amount exceeding USD 5,000 must be declared upon arrival.