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

Indian rupee Markets

INR Currency Update - Our review of Indian rupee forecasts and news plus charts and historic rates. Check INR Trends over various time periods.

 

The Indian rupee (INR) has experienced a mix of influences in recent weeks, reflecting a balance of risks as traders respond to external economic pressures. Following the announcement of a 26% reciprocal tariff by the U.S. on goods from Taiwan, concerns about U.S. economic growth surfaced, leading to a downward movement in the dollar, which in turn affected the rupee’s trajectory.

Recent geopolitical tensions further complicated matters, particularly with India's air strikes against Pakistan escalating regional instability. While these developments have raised volatility in the foreign exchange markets, analysts suggest the overall risks for the INR remain broadly balanced at its current level.

From a technical perspective, the INR to USD exchange rate stands at 0.011668, aligning closely with its three-month average and exhibiting a stable trading range of just 3.0%. Meanwhile, the INR to EUR is currently at 0.009952, which is 2.7% below its three-month average, reflecting a relatively stable fluctuation within a 7.3% range.

The INR to GBP pair has reached 14-day highs near 0.008589 and, despite being 1.3% below its three-month average, remains stable in a narrow channel. In contrast, the INR to JPY is experiencing a notable uptick, trading at 30-day highs around 1.7138, which is 1.6% above its three-month average and within a stable trading range.

The ongoing uncertainty stemming from surging energy prices is particularly significant for the Indian market, as India is the third-largest oil consumer globally, heavily reliant on imports. Analysts warn that rising crude oil prices are likely to add inflationary pressures, influencing potential interest rate hikes. As the dollar continues to surge against Asian currencies, including the INR, the market may see heightened volatility due to the broader implications of U.S. tariff policies.

In summary, while recent volatility and geopolitical tensions present challenges, the technical positioning of the INR suggests a phase of steady trading, albeit with caution advised for future developments that may arise from both local events and the U.S. economic landscape.

 

US dollar to Indian rupee - USD/INR Trend

 
USD to INR at 85.71 is near its 3-month average, having traded in a very stable 3.0% range from 84.22 to 86.72
|
 
1 USD =
85.70We compare provider deals to this wholesale mid-market rate. Read more
INR
 
-0.2%
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...