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For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United States and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track INR rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
BestExchangeRates.com keeps you up-to-date on Indian rupee forecasts by collating the views of reliable FX forecasters and economists together with recent 90-day INR price data. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
The Indian rupee (INR) has been experiencing a steady depreciation against the US dollar (USD) in line with most currencies. This has been driven by concerns over rising energy prices, which could lead to inflation and potentially prompt interest rate hikes. As India is the third-largest consumer of oil globally and relies heavily on imports, higher crude prices tend to contribute to domestic inflation. The recent OPEC+ decision in April 2023 to cut oil production has further impacted the rupee. The INR to USD exchange rate has been relatively stable, trading within a range of 1.9% from 0.011991 to 0.012223 and currently standing at 0.012025, just 0.7% below its three-month average of 0.012109.
Moving on to the INR to EUR exchange rate, it has been showing strength, trading at 0.011300, which is 1.8% higher than its three-month average of 0.011097. This exchange rate has displayed a relatively stable range of 4.4% from 0.010829 to 0.011306. Meanwhile, against the GBP, the INR has reached 90-day highs near 0.009806, positioning itself 2.9% above its three-month average of 0.009533. The INR to GBP pair has traded within a stable range of 5.6%, spanning from 0.009283 to 0.009806. Lastly, the INR to JPY exchange rate is currently at 1.7782, surpassing its three-month average of 1.7445 by 1.9%. This currency pair has experienced a relatively stable range of 6.1%, fluctuating from 1.6831 to 1.7859.
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Looking for a way to make your next trip more affordable? Check out our Country Guides to the best deals for your international foreign transfers and travel money. These articles will give you travel tips and offer advice for your next trip abroad.
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