AUD to INR Forecasts

Australian dollar to Indian rupee bank forecasts

Unlike Latin American countries, which continue to benefit from a U.S. recovery, Asian countries are vulnerable to economic austerity in Saudi Arabia and elsewhere in the Middle East due to the drop in demand for Oil during the Covid pandemic. More than 60% of remittances to India, Bangladesh and Pakistan come from Gulf countries.

Since the initial pandemic shock in March AUD/INR has risen over 23 percent (late November), welcome news for Indian expat workers, who represent one of the largest groups remitting money from Australia.

Note that forecasts and predictions for the AUD/INR exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Indian and this exchange rate is even more volatile than usual because of the uncertainties around the Coronavirus pandemic.

The AUD might break through recent resistance around 0.7340 over the next weeks. A clearcut Biden win and further positive COVID-19 vaccine news could help drive the AUD towards new highs closer to 0.74 US cents. 

You can read more about AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.

What is a good AUD to INR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to INR exchange rate to the present day for periods going back upto 10 years:

Australian Dollar in the markets

Indian Rupee in the markets