Yuan to Indian rupee, and the old rates people still ask about
Most people asking this are not paying anyone. This page is written for them too.
Indicative reference rate, updated . Your payable amount is confirmed against your invoice before you fund.
100, 1,000 and 10,000 yuan to rupees at this rate
- ¥100
- ≈ ₹1,422.94
- ¥1,000
- ≈ ₹14,229.40
- ¥10,000
- ≈ ₹1,42,294.03
- ₹1,000.00
- ≈ ¥70.28
- ₹10,000.00
- ≈ ¥702.77
- ₹1,00,000.00
- ≈ ¥7,027.70
Price a CNY invoice
Enter the invoice in yuan and choose how you would fund it.
You send about
1,490.82 USDT
≈ ₹1,42,294.03
1 USDT ≈ ¥6.71
The suggestions under this search are full of dates — 2014, 2010, 2000, 1990 — alongside chart and live. That is not a queue of importers. It is students, analysts and the merely curious, and they are better served by a straight answer than by a payment pitch. So this page starts with why a long yuan-to-rupee series is harder to pin down than it looks, and only afterwards explains what a CNY figure means if you do happen to owe a supplier.
- Historical caveats stated, not skipped
- Indicative reference, never a quote
- Rupee leg priced on Unigox
A chart reader and an invoice payer need different things
The top of this page answers the history question properly. The flow answers a CNY invoice for the smaller group who came here because they owe money.
- Reading a chart
- Start at the top
- Owe an invoice
- Skip to the end
- Funded with
- INR · USDT · USDC
INR
Bank transfer in India, then USDT
USDT
Native Unigox Wallet
USDC
Native Unigox Wallet
Recipient gets
ChinaCNY
The exact yuan stated on the invoice, paid to the recipient in China.
What was the yuan to rupee rate in 1990, 2000 or 2014?
For the older dates, not one number — and arguably not one rate. Until the beginning of 1994 China ran an official exchange rate alongside a much weaker swap-centre rate that carried a large share of actual trade, and the two were merged at the start of that year. India was changing regime in the same window: a devaluation in 1991, a dual-rate arrangement running through 1992 and into 1993, and a single market-determined rate after that. Any tidy “1 CNY = X INR” for 1990 has quietly picked one rate from each side and not told you which. For 2014 the arithmetic is ordinary, but the answer still depends on whose close, which day, and which dollar cross was used to build it.
Any live figure shown here is an indicative market reference with a timestamp in Kolkata time. It is not a quote, it is not a historical series, and it is not the number your bank would use.
From recipient details to a tracked CNY payment
- 01
Add the recipient
Choose the supported China destination and enter the recipient details exactly as provided.
- 02
Enter the CNY invoice
Add the amount, purpose, relationship and optional invoice reference before pricing.
- 03
Choose how to fund
Select USDT or USDC from your native Unigox Wallet.
- 04
Review and follow the payment
Confirm the exact source and destination amounts, then follow the status from the same flow.
Pay from where your money already is
Unigox Wallet
Choose USDT or USDC
- Choose USDT or USDC
- Review the required wallet amount
- The recipient still receives CNY
Stablecoin rates and top-ups
A long CNY-to-INR chart is two currency histories stacked on each other
The reason old figures disagree is not sloppy record-keeping. It is that both currencies changed what they were during the period people most like to ask about. China's pre-1994 split between an official rate and a swap-centre rate meant two defensible answers to the same question, and the one a dataset chose usually went unrecorded. India's early 1990s carried its own sequence of changes. A series that runs smoothly from 1990 to today has made several editorial decisions on your behalf, and a chart drawn from it inherits every one of them.
Then there is the peg. From the late 1990s until the middle of 2005 the yuan was held effectively fixed against the US dollar, and it was pinned close to a fixed dollar level again from mid-2008 to mid-2010. For those stretches a yuan-to-rupee chart is very largely a picture of the rupee against the dollar, with the yuan contributing almost nothing to the shape. If you are writing about Indian exposure to China in that period, that is worth saying out loud rather than letting the line do the arguing.
- Which side's regime applied on your date, and whether the source says which rate it used.
- Whether the figure is a daily close, a monthly average or a period-average — the three tell different stories about the same year.
- Onshore CNY or offshore CNH: since 2010 there have been two prices for the yuan, and they do not always agree.
- Which dollar cross the figure was built through, since it was almost certainly built through one.
There is no traded rupee-yuan market, so every figure you see is calculated
The rupee and the yuan are not quoted against each other in any meaningful volume. What a converter shows you is a cross: the yuan priced against the dollar, the dollar priced against the rupee, and the two multiplied. That is why two reputable sites disagree in the third decimal place on the same afternoon. They picked different dollar legs, at different moments, from different venues, and neither is wrong.
If you need real numbers for real work, take them from a source that publishes its methodology rather than from a converter that back-fills a chart from one vendor's cross. Central bank statistical databases, the IMF's International Financial Statistics and the BIS all publish series with their definitions attached. We are not one of those sources and would rather point at them than imitate them.
If you are here because you owe a Chinese supplier
Then the rupee figure has done its job the moment it has told you roughly how big the invoice is, because no rupees are involved in what follows. Rupee bank funding is not available in this payment journey — the collection leg is a single fixed currency in the backend and it is not the rupee — so funding is USDT or USDC held in your Unigox Wallet, and your supplier's company account in mainland China receives CNY. They need no wallet, no exchange account and no interest in how you funded it.
The recipient has to be a business with a mainland Chinese bank account reachable on CNAPS; an individual's account is refused server-side, however well you know them. Payments are declared as goods or services, and amounts have been quoting from roughly 55 CNY up to about 65,000 CNY, drawn from live liquidity and shown in the flow rather than promised here.
One thing we would rather you heard from us than discovered: an Indian payer's obligations around paying an overseas supplier are not something we have verified, and we are not going to paraphrase them. Your bank and your own adviser are the right people to ask, and the right time is before the payment. If a route ever appeals to you mainly because it looks like it goes around something, treat that as the strongest possible reason to ask the question rather than as a reason to proceed. The business payout mode here is also new — built and tested end to end, without a long production history behind it — so a first payment deserves to be a small one with time around it.
Built for the way India pays China
Two things shape this flow: China is a major sourcing corridor for India, and the invoice at the end of it is written in yuan and paid into a mainland company account.
Yuan and rupee questions, old and current
01What was 1 yuan in rupees in 2014?
We do not publish a historical series and would be guessing at the fourth decimal if we did. Take it from a source that states its method — a central bank database, the IMF's International Financial Statistics, or a data provider that tells you which dollar cross and which fixing time it used. Then cite that choice, because someone will ask.
02Why do two sites show different yuan-to-rupee rates right now?
Because neither is quoting a traded pair. Both are crossing through the US dollar, and they are picking different dollar legs at different moments. Add the onshore and offshore yuan being separately priced, and small disagreements between honest sources are the normal condition rather than an error.
03Can I fund a payment to China from my Indian bank account in rupees?
Not in one step. The collection leg is fixed to one currency in the backend and it is not INR, so rupees cannot settle the invoice directly. They can buy the balance that does: Unigox sells USDT and USDC for rupees, and the invoice is priced from that balance.
04Will Unigox tell me whether I am permitted to make this payment?
No. We can tell you what the route does and what it refuses. Whether you may use it, and what your bank expects of you when you do, is between you, your bank and your own adviser. We have not verified those requirements and will not summarise them from memory.
05Is the figure on this page a quote?
No. It is an indicative market reference with a timestamp, published so you can judge the size of a yuan price. A quote exists only inside the payment flow, against a specific invoice, and it names both sides: what you fund, and the exact CNY your recipient receives.
If the reason is an invoice, this is the part we can actually price
Open the payment flow, add the recipient and compare INR, USDT, USDC before funding.
Price a CNY invoiceRelated China guides
Built primarily for businesses
Built for importers and repeat supplier payers. A private individual paying a business invoice runs the same checks and gets the same quote — the recipient on this route is always a company.