USDT/INR P2P Rate Index
How much more (or less) Indian traders pay for USDT versus the official US dollar rate. The P2PLY Rate Index tracks the market USDT-to-INR price against the official USD/INR exchange rate — the live Tether premium in India.
Current USDT premium over the dollar
-0.97%
USDT is trading at a -0.97% discount to the official USD/INR rate.
Indicative reference · 28 Jul 2026, 2:57 am IST
Market USDT/INR
₹95.68
Official USD/INR
₹96.62
Premium
-0.97%
Reading the USDT premium
A premium means dollar demand is high
USDT is pegged to the US dollar, so it should track the USD/INR rate. When it trades above that rate, Indian buyers are paying extra for dollar exposure — a signal of strong demand or tight rupee liquidity among sellers.
Why it matters for your trade
The premium is a real cost when buying and a real gain when selling. Comparing seller rates against this index tells you whether a quote is fair. On P2P you pick the best available rate rather than accepting one order-book price.
Methodology
The index compares the market USDT-to-INR price against the official USD/INR exchange rate and expresses the difference as a percentage premium or discount: premium = (USDT/INR ÷ USD/INR − 1) × 100. Both inputs are refreshed hourly from public data sources. This is an indicative reference for education, not a trading quote — actual P2P rates vary by seller and payment method.
USDT premium — common questions
What is the USDT to INR premium in India?
The USDT-to-INR premium is the gap between the market price of USDT in rupees and the official USD/INR exchange rate. Because USDT is pegged to the US dollar, any consistent gap reflects local supply and demand for dollars. A positive premium means Indian buyers pay more per USDT than the official dollar rate; a discount means less.
Why does USDT trade above the dollar rate in India?
When demand for dollar-denominated assets is high or rupee liquidity among sellers is tight, USDT can trade at a premium to the official USD/INR rate on peer-to-peer markets. The premium widens with dollar demand and narrows when INR liquidity is deep.
How is the P2PLY USDT/INR Rate Index calculated?
The index compares the market USDT-to-INR rate against the official USD/INR exchange rate and expresses the difference as a percentage premium or discount. Both inputs are fetched hourly from public data sources. It is an indicative reference, not a trading quote.
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