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    CAD to INR Forecasts

    In 2021 forecasts and predictions for the CAD/INR exchange rate continue to be driven almost entirely by the Coronavirus pandemic rather than any fundamentals or relative sentiment towards the Canadian and Indian economies.

    Forecasts Updated: Jun 03, 2021
    CAD to INR at 59.61 is 0.7% below its 90-day average, range 58.78-60.74.

    Canadian dollar to Indian rupee bank forecasts

    May and June has seen the Indian rupee trade continue to trade around 60 to the CAD dollar. INR sank to this level in April on an announcement from the Reserve Bank of India.

    In 2021 the Canadian dollar has risen as a global economic recovery takes hold, with larger gains if the Bank of Canada is seen to be preparing to reduce monetary stimulus, economists say. CAD Forecasts

    The Federal Reserve’s message to the markets that it was preparing to reduce bond purchases sent most USD/Asian and Emerging Market Currencies higher. INR Forecasts

    Since the initial pandemic shock in March CAD/INR has risen around 30 percent, welcome news for Indian expat workers, who represent one of the largest groups remitting money from Canada.

    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.

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

    You can read more about CAD cross-rate forecasts here CAD Trends and Forecasts for 2021.


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    CAD to INR Exchange Rates – Compare and Save


    What is a good CAD to INR exchange rate?

    Whether the Canadian dollar will rise or drop in the future versus the rupee is a difficult question and the answer really depends on many factors. The best way to consider the current CAD-INR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

    23 Jul 2021
    0.6% 1 Week
    30 Jun 2021
    0.7% 30 Days
    01 May 2021
    1.1% 90 Days
    30 Jul 2020
    6.9% 1 Year
    31 Jul 2016
    16.6% 5 Years
    02 Aug 2011
    29.2% 10 Years

    CAD/INR rate change to 30-Jul-2021 → 59.6126


    Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.