Indian rupee INR Forecasts
Forecasts for the Indian rupee change all the time, affected by news events and relative sentiment towards the Indian economy.
Updated: Oct 06, 2022 
BER Research
BER Research Forecasts for the Indian rupee change all the time, affected by news events and relative sentiment towards the Indian economy.
BER Research The Indian rupee has steadily weakened all year (like most currencies) against the US dollar on fears that surging energy prices could spur inflation and interest rate hikes.
India imports most of its oil requirements and higher crude prices tend to push up domestic inflation.
| Date | USD/INR | Change | Period |
|---|---|---|---|
18 Nov 2022 | 81.52 | 0.1% ▼ | 2 Week |
03 Sep 2022 | 79.72 | 2.1% ▲ | 3 Month |
02 Dec 2021 | 74.98 | 8.6% ▲ | 1 Year |
03 Dec 2017 | 64.51 | 26.2% ▲ | 5 Year |
04 Dec 2012 | 54.68 | 48.9% ▲ | 10 Year |
07 Dec 2002 | 48.24 | 68.8% ▲ | 20 Year |
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Migrant workers from Asia’s developing countries, such as India, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time.
However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.
The Indian rupee exhibits strong seasonal patterns: the rupee typically falls in value every second-quarter (April-to-June) due to India’s heightened gold demand heading into Akshaya Tritiya – the annual spring time festival of the Hindus and Jains.
Accordingly many currency forecasts point out that rupee strength is to be expected in the second half of a typical year.
You can also read our full Foreign Exchange Guide to India.
Whether the rupee will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s current relative value is to look at the Indian Rupee’s history against a range of currencies and in particular against the currency you are interested in exchanging it with.
For example, the sections below look at the change in the INR exchange rate to the present day for periods back 10 years for popular INR exchange rates.
USD to INR at 81.42 is near its 90-day average 81.42 with range 79.35-83.00. USD/INR Rates
Since the beginning of the war in Ukraine the rupee has weakened with the USD/INR exchange rate steadily rising to above the 81₹ level, well up from around 74₹ at the start of the year.
The Ukrainian crisis and its risks for energy supplies have pushed the dollar up against the rupee as India imports most of its oil requirements.
GBP to INR at 100.1 is 7.0% above its 90-day average 93.58 with range 87.16-100.1. GBP/INR Rates
The Ukrainian crisis and its risks for European energy supplies have pushed the Pound down against the Rupee.
GBP/INR started dropping in February and by mid-year the pound to rupee exchange rate has settled around the 96 mark, well down from its highs around 104 in April last year.
AUD to INR at 55.33 is 3.7% above its 90-day average 53.38 with range 51.10-55.33. AUD/INR Rates
In October, the Aussie dollar has weakened against the Indian Rupee, dropping below 53₹ as the RBA surprised markets with a less aggressive stance on raising interest rates.
CAD to INR at 60.36 is near its 90-day average 60.35 with range 59.03-61.24. CAD/INR Rates
The Ukrainian crisis and the impact on energy prices have pushed the Canadian dollar up & down this year against the Rupee.
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.
Australian dollar
British pound
Canadian dollar
Chinese yuan
Euro
Hong Kong dollar
Indian rupee
Indonesian rupiah
Israeli shekel
Japanese yen
Malaysian ringgit
New Zealand dollar
Philippine peso
Singapore dDollar
Swiss fFranc
Thai baht
US dollar