The recent exchange rate forecasts for the SGD to INR indicate a period of instability influenced by both local monetary policy decisions and external economic pressures. As of early October 2025, the SGD is trading at 68.80, which is 1.0% above its three-month average of 68.09. The Singapore Dollar (SGD) has been subject to monetary policy easing by the Monetary Authority of Singapore (MAS), which is aimed at combating slower economic growth and inflation. Following adjustments made in January and April 2025, the MAS's decisions have contributed to a more competitive SGD against other currencies, including the Indian Rupee (INR).
In contrast, the Indian Rupee has faced significant depreciation, reaching a record low of 88.80 against the US dollar. Analysts attribute this decline partly to escalating trade tensions with the United States, including new tariffs on Indian exports and increased costs for H-1B visas. The Reserve Bank of India's initiative to promote the global usage of the Rupee may have a long-term positive impact, but in the short term, pressures from trade dynamics are leading to instability.
Market experts suggest that while the SGD maintains a relatively stable range, fluctuations in economic forecasts and policy changes shape its trajectory against the INR. With Singapore adjusting its currency policy in reaction to external economic conditions, and India grappling with its trade relations, both currencies are likely to experience continued volatility.
Overall, the combination of MAS's proactive monetary policies and RBI's attempts to support the INR amidst challenging external factors is set to influence the SGD to INR exchange rate in the near term. Individuals and businesses engaged in international transactions should closely monitor these developments, as they can significantly affect currency conversion costs and financial planning.
