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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 exchange rate analyst forecasts and currency market updates, the USD to INR exchange rate is expected to continue its upward trend in the near term. The Indian rupee has weakened against the US dollar due to concerns about inflation and interest rate hikes resulting from rising energy prices. The surprise cut in oil production by OPEC+ in April 2023 further impacted the rupee negatively.

    Looking ahead, economists anticipate that the strength of the US dollar, which has been dominant over the past year, may eventually reverse in 2023. This reversal is expected as the Federal Reserve's interest rate hikes cycle comes to an end. As a result, the USD to INR exchange rate could potentially experience some downside pressure.

    Currently, the USD to INR exchange rate sits just above its 3-month average at 83.05, having traded within a stable range of 81.81 to 83.40, representing a 1.9% fluctuation. It is important to monitor further market developments and economic indicators to gauge the future direction of the USD to INR exchange rate.

    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 : FX analysts forecast upward trend for USD to INR exchange rate amidst inflation concerns and interest rate hikes. INR weakened due to April's surprise OPEC+ production cut. Expect potential downside pressure on USD as Federal Reserve's rate hike cycle concludes. Current rate of USD to INR stands at 83.05, a 1.9% fluctuation. Stay tuned for further market developments. #USDINR #Forex #economy

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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 =
    83.18We compare provider deals to this wholesale mid-market rate. Read more
    USD to INR at 83.18 is just 0.6% above its 3-month average of 82.69, having traded in a stable 1.9% range from 81.81 to 83.40
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    15 Sep 2023
    0.1% 2 Week
    01 Jul 2023
    1.3% 3 Month
    29 Sep 2022
    2.1% 1 Year
    30 Sep 2018
    14.7% 5 Year
    01 Oct 2013
    32.9% 10 Year
    04 Oct 2003
    83.7% 20 Year
    USD/INR historic rates & change to 29-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