The recent forecast for the CHF to INR exchange rate reflects significant pressures on both currencies influenced by geopolitical events and economic data. Currently, the CHF trades at 110.8 INR, which is 2.0% above its three-month average of 108.6 INR, showing some resilience despite the challenges facing the Swiss economy.
Analysts note that the Swiss Franc has been under strain primarily due to the imposition of a 39% tariff on Swiss exports by the U.S. in August 2025, which has led to a dramatic 5.3% decline in Swiss exports during the second quarter of the year. This move has compelled some Swiss companies to reconsider their operational strategies, potentially relocating to the U.S. to manage costs. Consequently, the Swiss National Bank reported a substantial loss of 15.3 billion Swiss francs in the first half of 2025, primarily driven by the depreciation of the U.S. dollar affecting its foreign investments. Furthermore, the IMF has downgraded Switzerland's growth forecast to 1.3%, attributing this to rising geopolitical tensions and uncertainties pertaining to international trade.
On the Indian side, the INR has reached a record low against the U.S. dollar at 88.36 due to renewed concerns over tariffs and capital outflows. The U.S. introduced a 50% tariff on critical Indian exports linked to geopolitical issues, particularly India's procurement of discounted Russian oil. In light of these developments, the Reserve Bank of India has stepped in to limit the rupee's depreciation by selling dollars and aims to stabilize the currency. Despite these challenges, recent analyst forecasts suggest that the INR will stabilize, with expectations of a slight recovery to around 88.04 by the end of September.
Given these circumstances, the outlook for the CHF to INR exchange rate remains fluid. The immediate near-term engagement suggests a potential stabilization phase, but the deeper economic trends in both Switzerland and India will significantly shape future movements. Traders and businesses involved in international transactions may benefit from closely monitoring these developments, as the currency pair is influenced by both domestic economic health and external geopolitical factors.
