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Indian rupee INR forecasts for 2020

Forecasts for the Indian rupee change all the time, affected by news events and relative sentiment towards the Indian economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of INR in the currency markets.

INR in the markets

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.

What is a good Indian Rupee exchange rate?

This 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

Indian rupee is up around 3% against the US dollar (in August) since its low of 77 versus the greenback in April and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding INR versus other major currencies.

Read more about FX Broker and Bank analysts' predictions for USD to INR future trends in our blog article USD to INR Forecast Review.



 

USD/INR Recent 90-Day Trend

USD/INR at 73.7 is a little below its 90-DAY average, range 73.05 - 76.4 .
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USD/INR rateChangePeriod
18 Sep 2020 : 73.61020.1% ▲1 Week
26 Aug 2020 : 74.24510.7% ▼30 Days
27 Jun 2020 : 75.62802.5% ▼90 Days
26 Sep 2019 : 70.97623.8% ▲1 Year
27 Sep 2015 : 66.199411.3% ▲5 Years
28 Sep 2010 : 45.095663.4% ▲10 Years

USD/INR 10 year historic rates & change to 25-Sep-2020 : 73.6995


GBP to INR



 

GBP/INR Recent 90-Day Trend

GBP/INR at 93.93 is 1.9% below its 90-DAY average, range 92.85 - 99.1 .
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GBP/INR rateChangePeriod
18 Sep 2020 : 95.08741.2% ▼1 Week
26 Aug 2020 : 98.14484.3% ▼30 Days
27 Jun 2020 : 93.31360.7% ▲90 Days
26 Sep 2019 : 87.50407.3% ▲1 Year
27 Sep 2015 : 100.61386.6% ▲5 Years
28 Sep 2010 : 71.324331.7% ▲10 Years

GBP/INR 10 year historic rates & change to 25-Sep-2020 : 93.9300


AUD to INR

Read more about FX Broker and Bank analysts' predictions for AUD to INR future trends in our blog article AUD to INR Forecast Review.



 

AUD/INR Recent 90-Day Trend

AUD/INR at 51.79 is 2.3% below its 90-DAY average, range 51.73 - 54.19 .
🔔 AUD/INR is DOWN 3.5% this 7-DAY period and at 60-DAY LOWS.
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Alerts:7-DAY3.5% | 60-DAY LOWS |

AUD/INR rateChangePeriod
18 Sep 2020 : 53.66993.5% ▼1 Week
26 Aug 2020 : 53.79693.8% ▼30 Days
27 Jun 2020 : 51.90650.2% ▼90 Days
26 Sep 2019 : 47.93218% ▲1 Year
27 Sep 2015 : 46.436711.5% ▲5 Years
28 Sep 2010 : 43.527419% ▲10 Years

AUD/INR 10 year historic rates & change to 25-Sep-2020 : 51.7794


You can also read our full Foreign Exchange Guide to India.

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.