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    CAD to INR Forecasts

    Analysis of recent CAD to rupee forecasts. We collate forecasts from respected FX analysts together with the latest CAD to INR performance and trends.


    What are CAD to INR forecasts?

    The Canadian Dollar (CAD) experienced some instability in recent trade sessions due to weaker oil prices and fluctuating USD. However, these factors were counterbalanced by an uptick in USD, with which CAD has a positive correlation. In the coming days, the market will be watching for the release of Canada's Producer Price Index (PPI) data from April, which may have an impact on the CAD. FX analysts are speculating whether another rise in producer prices could prompt the Bank of Canada (BoC) to tighten monetary policy once again.

    While the Canadian Dollar has struggled against the US Dollar in the past, this has been mainly due to risk environments in financial markets, rather than the fundamentals in the US and Canada. Both economies are strongly correlated, and continued housing price declines and adverse wealth effects could put more negative pressure on the Canadian Dollar in 2023. On the other hand, the Indian Rupee has consistently weakened against the US Dollar, mainly driven by fears of increasing energy prices stimulating inflation and interest rate hikes. As India heavily relies on oil imports, the higher crude prices tend to increase domestic inflation. Economists believe that the unexpected OPEC+ cut to oil production in April may negatively impact the Rupee.

    Taking into account the CADINR price data for the previous three months, the current CAD to INR rate of 60.58 is quite close to its 3-month average. Within that time, the rate has exhibited stability, trading within a narrow 3.8% range from 59.14 to 61.39. In the short term, market participants will be closely monitoring the Canadian PPI data and other related catalysts to gauge the potential future direction of the CAD to INR exchange rate.

    Rate Calculator - Canadian dollar to Indian rupee

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Indian rupee (INR) rates from different sources before making a conversion.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on CAD to rupee currency rates and the possible savings of using various providers.


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    CAD to INR Market Data

    Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    60.64We compare provider deals to this wholesale mid-market rate. Read more
    CAD to INR at 60.65 is just above its 3-month average, having traded in a very stable 3.8% range from 59.14 to 61.39
    Sell CAD   →   Buy INR
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    12 May 2023
    0.7% 2 Week
    25 Feb 2023
    0.3% 3 Month
    26 May 2022
    0.2% 1 Year
    27 May 2018
    16.2% 5 Year
    28 May 2013
    12.4% 10 Year
    31 May 2003
    76.7% 20 Year
    CAD/INR historic rates & change to 26-May-2023

    Will the Canadian dollar rise against the Indian rupee?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/INR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.


    Related exchange rate forecasts


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more