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    INR to CAD 2024 Forecasts

    Analysis of recent Rupee → Loonie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Indian rupee to Canadian dollar performance and trends.

     

    Forecasts for INR to CAD

     

    Based on recent forecasts and market updates, FX analysts expect the Indian Rupee (INR) to Canadian Dollar (CAD) exchange rate to remain relatively stable in the near term. The INR has been influenced by the Reserve Bank of India's (RBI) cautious stance on monetary policy, with expectations of no easing until 2024. Despite concerns around elevated US Treasury yields, a weak yuan, and crude oil prices pressuring the rupee, some moderation in these factors is anticipated to provide support later on. On the other hand, the CAD has been experiencing mixed performance due to volatile oil prices and geopolitical tensions, leading to pressure from falling oil prices and uncertain rate cut expectations from the Federal Reserve.

    The recent INR to CAD price data shows that the exchange rate is currently slightly above its 3-month average, trading within a stable 2.0% range. Additionally, the CAD's performance is closely tied to oil prices, as Canada is a major oil exporter. The OIL to USD price data indicates that oil prices have been volatile, currently sitting 3.5% below its 3-month average. This trend in oil prices could impact the CAD's movement against other currencies, including the INR. Overall, given the complex interplay of factors influencing both the INR and CAD, individuals and businesses looking to exchange currencies should closely monitor developments in these markets to make informed decisions and potentially save money on international transactions.

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    INR to CAD Market Data

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

     
    1 INR =
    0.016402We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    -0.4%
    2W
    INR to CAD is at 14-day lows near 0.016368, near its 3-month average, having traded in a stable 2.0% range from 0.016202 to 0.016531
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    Sell INR   →   Buy CAD
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    Compare & Save - Indian rupee to Canadian dollar

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

    Use our INR to CAD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Rupee to Loonie currency rates and the possible savings of using various providers.

     
    DateINR/CADPeriod
    02 Jun 2024
    0.0163
    2 Week
    18 Mar 2024
    0.0163
    3 Month
    17 Jun 2023
    0.0161
    1 Year
    18 Jun 2019
    0.0192
    5 Year
    19 Jun 2014
    0.0180
    10 Year
    21 Jun 2004
    0.0297
    20 Year
    INR/CAD historic rates
     

    Will the Indian rupee rise against the Canadian dollar?

    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 INR/CAD to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.

     
     

    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