As of August 7, 2025, the exchange rate between the Indian Rupee (INR) and the Russian Ruble (RUB) is approximately 1 INR = 0.9121 RUB. This means that ₹100 is equivalent to roughly 91.21 Russian Rubles.

Factors Influencing the Exchange Rate

Several factors influence the INR/RUB exchange rate, including:

• Geopolitical Tensions and Sanctions: The Russian economy has been significantly impacted by Western sanctions following the invasion of Ukraine in February 2022. These sanctions have complicated Russia's cross-border payments and reduced access to crucial components, leading to increased inflation and interest rates. However, Russia has shown resilience by reorienting its exports towards countries like China and India.
• India-Russia Trade Relations: Despite global tensions, India and Russia have maintained strong trade relations. Bilateral trade reached a record high of $68.7 billion in the financial year 2024-25, nearly 5.8 times higher than pre-pandemic levels. Major Indian imports from Russia include oil, petroleum products, fertilizers, and precious metals.
• Economic Performance: Russia's economy contracted in 2022 but has since recovered, driven by military spending and government support. However, long-term growth is projected to be sluggish due to international isolation and structural changes towards war production. The Central Bank of Russia noted that the economy's overheating slowed down in the second quarter of 2025 and may end in the third quarter.
• US Tariffs on Indian Goods: Recently, the United States has threatened to impose or has imposed increased tariffs on Indian exports, citing concerns over India's reliance on Russian goods, especially energy. President Trump has announced a punitive tariff on Indian exports because of its trade relations with Russia.
• Market Sentiment: The sentiment in the INR/RUB market is currently estimated to be bearish.

Impact of Sanctions on the Russian Economy

Sanctions imposed by Coalition nations have impaired Russia's economic capabilities, constraining its capacity to sustain its military efforts in Ukraine. As of January 2024, over 16,000 restrictions have been placed on Russian individuals and entities, making Russia the most sanctioned country in the world. Approximately 70% of assets within the Russian banking system are now under sanctions, crippling its financial sector. Estimates suggest that Russia's economy could have been nearly 20% larger today had it not initiated its aggressive actions in Ukraine in 2014.

India's Stance

Despite pressure from the West, India has maintained its engagement with Russia. India has stated that its imports from Russia are based on market factors and are done to ensure the energy security of its population.

Future Predictions

Short-term forecasts suggest a slight decrease in the INR/RUB exchange rate. However, long-term predictions vary, with some sources suggesting a potential increase in the coming months.

Conclusion

The INR/RUB exchange rate is subject to various economic and geopolitical factors. While sanctions and international pressure create challenges for the Russian economy, strong trade ties with countries like India provide some resilience. As of August 2025, ₹100 will get you approximately 91.21 Russian Rubles, but this value can fluctuate based on the factors mentioned above.