Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     
    INR-USD Search & Compare
     

     

    Popular INR Exchange Rates

    Follow exchange rates via your personal BER My Rates Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.

     

    We compare exchange rates from major financial institutions in India.

    More Financial Institutions

    Save with our partners who are among the best & most trusted brands in India.

    More FX Providers
     
     

    Indian rupee market update

     

    The Indian rupee (INR) has faced downward pressure against major currencies like the US dollar (USD) as concerns over surging energy prices and their impact on inflation and interest rates persist. FX analysts do not anticipate the Reserve Bank of India (RBI) to ease monetary policy until 2024, contributing to the INR's weakness. The USD to INR exchange rate is predicted to fluctuate within the 82-84 range, staying in line with the current bullish trend. Factors such as elevated US Treasury yields, a weak yuan, and crude oil prices are expected to continue weighing on the rupee in the short term. However, the market forecast suggests that there could be some relief if these pressures moderate over time.

    Recent price data indicates that the INR to USD pair is trading at 14-day highs near 0.011993, slightly below its 3-month average, showcasing stability within a 1.1% range. Meanwhile, the INR has hit 90-day lows against the euro (EUR) near 0.011014, standing 1.0% below its 3-month average. The INR to GBP pair is at 30-day lows near 0.009450, just 0.8% under its 3-month average, highlighting consistent trading within a 3.4% range. Against the Japanese yen (JPY), the INR is at 7-day lows near 1.8558, trading 1.5% above its 3-month average and experiencing relatively stable movement within a 6.9% range. As market participants monitor key macroeconomic developments, the INR's performance is likely to be influenced by global factors impacting the currency markets.

    BestExchangeRates.com keeps you up-to-date on Indian rupee forecasts by collating the views of reliable FX forecasters and economists together with recent INR price trends. 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.

    More Forecasts
     
         

    Latest Articles

     
    More Articles & guides