Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
 

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

 

Based on recent exchange rate analyst forecasts and currency market updates, the US Dollar (USD) is expected to continue its bullish trend against the Indian Rupee (INR) in the near term. The USD rallied as inflation unexpectedly accelerated in the US, leading to speculation that the Federal Reserve may delay potential rate cuts, with markets now anticipating a reduction in June instead of March. The strong US economic performance, highlighted by robust job reports, has shifted market expectations, supporting the USD's strength against the INR.

On the other hand, analysts do not foresee the Reserve Bank of India (RBI) implementing any easing measures until 2024. The USD to INR exchange rate is projected to fluctuate within the 82-84 range, underpinned by factors such as elevated US Treasury yields, a weak yuan, and higher crude oil prices. While these factors may initially weigh on the INR, some moderation in these conditions could offer support to the Indian currency later on. The recent USD to INR price data suggests stability within a narrow range, with the exchange rate hovering around 14-day highs near 82.96, near its 3-month average.

 
@bestfxrates : FX analysts see USD's uptrend vs INR continuing amid US inflation spike & Fed rate cut delay to June. Robust US jobs data also fuels USD gains. USDINR trades near 14-day high at 82.96, expected within 82-84 range. RBI's steady policy stance contrasts with dynamic Fed moves. #USDINR #ForexTrends

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

Loading rates...

   
 
 

USD to INR Market Data

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

 
1 USD =
83.00We compare provider deals to this wholesale mid-market rate. Read more
INR
+0.0%
📈2W
USD to INR is at 14-day highs near 82.96, near its 3-month average, having traded in a stable 0.7% range from 82.71 to 83.33
|
Sell USD   →   Buy INR
My Rates

Manage My Rates   


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.

 
DateUSD/INRChangePeriod
04 Mar 2024
82.91
0% 2 Week
19 Dec 2023
83.09
0.2% 3 Month
19 Mar 2023
82.54
0.5% 1 Year
20 Mar 2019
68.83
20.5% 5 Year
21 Mar 2014
61.04
35.9% 10 Year
23 Mar 2004
45.01
84.2% 20 Year
USD/INR historic rates & change to 18-Mar-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.

 
Track Rate
 

Manage My Rates   

 

Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

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