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    USD to INR Forecasts

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


    Forecasts for USD to INR

    USDINR chart

    According to recent forecasts by FX analysts and economists, the USD to INR exchange rate is expected to face potential shifts in the coming months. The US dollar, which has shown strength over the past year, is predicted to reverse its trajectory as the Federal Reserve's interest rate hikes cycle reaches its conclusion in 2023. This turnaround in the US dollar's strength could have an impact on the USD to INR exchange rate.

    On the other hand, the Indian rupee has experienced a gradual depreciation against the US dollar due to concerns surrounding increasing energy prices and the potential resultant inflation and interest rate hikes. Being heavily dependent on oil imports, India faces a higher risk of inflation with rising crude prices. The unexpected announcement of an OPEC+ cut to oil production in April 2023 further negatively impacted the rupee.

    Considering recent price data, the USD to INR exchange rate of 83.16 is just 0.7% above its 3-month average of 82.59, indicating relative stability. The exchange rate has been trading within a narrow range of 1.9% between 81.81 and 83.40.

    As the trajectory of the USD to INR exchange rate could be influenced by the anticipated reversal of the US dollar's strength and India's economic situation, individuals and businesses should closely monitor market trends and take advantage of favorable rates for their international transactions.

    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.

    @bestfxrates : USD to INR update: FX analysts predict potential shifts in the coming months as the Fed's interest rate hikes end. A depreciating rupee due to concerns over rising energy prices and inflation is compounding uncertainty. Current exchange at 83.16, just 0.7% above 3-month average. Stay tuned for market trends! #USDINR #Forex

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    USD to INR Market Data

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

    1 USD =
    83.12We compare provider deals to this wholesale mid-market rate. Read more
    USD to INR at 83.13 is just 0.6% above its 3-month average of 82.6, having traded in a stable 1.9% range from 81.81 to 83.40
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    07 Sep 2023
    0.1% 2 Week
    23 Jun 2023
    1.4% 3 Month
    21 Sep 2022
    3.8% 1 Year
    22 Sep 2018
    15.1% 5 Year
    23 Sep 2013
    32.8% 10 Year
    26 Sep 2003
    81.5% 20 Year
    USD/INR historic rates & change to 21-Sep-2023

    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 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 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