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    INR to CAD Forecasts

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


    Forecasts for INR to CAD


    According to recent exchange rate forecasts and currency market updates, analysts predict a slightly weaker Indian rupee (INR) against the Canadian dollar (CAD) in the coming months. The INR has been steadily weakening against the US dollar due to concerns about rising energy prices and potential inflationary pressures. As India is the third-largest oil-consuming country and heavily reliant on oil imports, higher crude prices can lead to domestic inflation and negatively impact the rupee.

    On the other hand, the CAD has been under pressure against the US dollar mainly due to market sentiment and global risk-on and risk-off environments, rather than fundamental factors related to Canada's economy. Continued declines in housing prices and potential adverse wealth effects could further weigh on the Canadian dollar. Additionally, as Canada's largest market for oil is the US, movements in oil prices can also influence the CAD.

    Considering the recent price data, the INR to CAD exchange rate is currently near its three-month average, trading within a relatively stable range. However, it's important to note that the CAD can be impacted by oil price movements. The recent data indicates that oil prices have been relatively high, trading 11.4% above its three-month average. This may put some upward pressure on the CAD.

    Overall, FX analysts and economists foresee a slightly weaker INR against the CAD in the near term. Factors such as the impact of rising energy prices on the Indian economy and market sentiment affecting the Canadian dollar are likely to influence the exchange rate dynamics between these two currencies.

    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.

    @bestfxrates : 29 Sep Exchange Update: FX analysts forecast a somewhat weaker INR against the CAD in the coming months. Steadily rising energy prices likely impact INR’s performance, given India's oil import reliance. CAD's behavior under scrutiny due to market sentiment & global risk factors. INR to CAD trades near it's 3-mo average, but oil price changes may influence CAD. Stay informed! #CurrencyMarket #INR #CAD #Forex

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    INR to CAD Market Data

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

    1 INR =
    0.016339We compare provider deals to this wholesale mid-market rate. Read more
    INR to CAD is at 14-day highs near 0.016339, just 0.7% above its 3-month average of 0.016225, having traded in a very stable 3.1% range from 0.015985 to 0.016488
    Sell INR   →   Buy CAD
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    10 Sep 2023
    2 Week
    26 Jun 2023
    3 Month
    24 Sep 2022
    1 Year
    25 Sep 2018
    5 Year
    26 Sep 2013
    10 Year
    29 Sep 2003
    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 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 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