Forecasts for AUD to INR
The recent performance of the Australian dollar (AUD) against the Indian rupee (INR) reflects a complex interplay of economic data and geopolitical developments. Following Australia's disappointing GDP figures for the third quarter, which fell short of expectations, the AUD has experienced increased selling pressure. According to FX analysts, this has sparked discussions about potential interest rate cuts by the Reserve Bank of Australia (RBA) in the first half of 2025. Coupled with worries about diminishing export growth, particularly if trade figures for October continue to decline, there are concerns that the AUD may struggle to regain momentum in the near term.
On the other hand, the INR is facing its own challenges, particularly driven by geopolitical tensions and economic conditions. The anticipated resurgence of Donald Trump as U.S. president is causing unease in the forex markets, with reports indicating that the rupee has weakened significantly against the dollar, hitting an all-time low of 84.3625. Economists warn that Trump's potential policies, including tariff increases primarily aimed at China, could exacerbate inflationary pressures in India—given its status as a major oil importer. Consequently, while the AUD is currently at 54.61 against the INR—2.3% below its three-month average of 55.87—heightened volatility is expected in both currencies. Thus, the market view suggests that traders should closely monitor Chinese economic data and its implications for commodity demand, as these factors will play a critical role in shaping the future direction of the AUD/INR exchange rate.
