The SAR to INR exchange rate is currently bullish, trading at 14-day highs near 24.01.
Key drivers include the fixed peg of the Saudi riyal to the US dollar, maintaining a stable direction, while interest rate differentials are favoring the Saudi identity over the INR. Additionally, predictions of the INR's depreciation towards 90 per USD by March 2026 indicate underlying economic challenges for India, which may further influence SAR strength.
Over the next 1–3 months, the SAR to INR is expected to remain in a stable range around current levels, reflecting a 3.6% fluctuation historically. Upside risks could arise from improved trade relations, providing support for the INR. Conversely, a downturn may come from increased foreign portfolio outflows affecting the INR's value negatively.