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    USD to INR 2024 Forecasts

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


    Forecasts for USD to INR


    Recent forecasts for the USD to INR exchange rate point towards a continuation of the current bullish trend, with analysts expecting the pair to fluctuate within the 82-84 range. The US dollar (USD) has faced pressure due to declining inflation and weaker-than-expected economic data, leading to expectations of potential rate cuts by the Federal Reserve. On the other hand, the Indian rupee (INR) has been impacted by concerns over surging energy prices and potential inflationary pressures, as India heavily relies on oil imports. These factors are expected to weigh on the rupee in the near term, with analysts not anticipating any easing from the Reserve Bank of India until 2024.

    In the coming weeks, market focus will be on key economic data releases such as the US Consumer Price Index (CPI) and Personal Consumption Expenditure data, which could influence the direction of the USD against the INR. Elevated US Treasury yields, global economic uncertainties, and geopolitical factors are likely to continue impacting investor sentiment and currency movements. Overall, the USD to INR exchange rate is expected to be influenced by a mix of domestic and international factors, with potential for fluctuations within the indicated range as both currencies respond to changing economic conditions and market dynamics.

    @bestfxrates : USD to INR remains bullish, analysts see it in 82-84 range. Declining US inflation & possible Fed rate cuts contrast with India’s energy-driven inflation worries. Market eyes upcoming US CPI & PCE data for further cues. Stay tuned for volatility amid global economic shifts. #USDINR #Forex #MarketUpdate

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    USD to INR Market Data

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

    1 USD =
    83.30We compare provider deals to this wholesale mid-market rate. Read more
    USD to INR is at 30-day lows near 83.28, near its 3-month average, having traded in a stable 1.1% range from 82.71 to 83.65
    Sell USD   →   Buy INR
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    Compare & Save - US dollar to Indian rupee

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

    Use our USD to INR 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 Dollar to Rupee currency rates and the possible savings of using various providers.

    03 May 2024
    0.1% 2 Week
    17 Feb 2024
    0.3% 3 Month
    18 May 2023
    0.7% 1 Year
    19 May 2019
    18.5% 5 Year
    20 May 2014
    42.2% 10 Year
    22 May 2004
    84.3% 20 Year
    USD/INR historic rates & change to 17-May-2024

    Will the US dollar rise against the Indian rupee?

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

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    Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.


    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