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    CAD to INR Exchange Rates

    Compare & Save - Canadian dollar to Indian rupee exchange rates. Latest loonie→rupee analysis and review of forecasts.

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    Compare & Save - Canadian dollar to Indian rupee

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Indian rupee (INR) rates from different sources before making a conversion.

    The above Rate Calculator and Comparison Table makes it easy to compare the Total Cost you are being charged on loonie to rupee currency rates and the possible savings of using various providers.

    In this loonie to rupee (CAD/INR) rate guide:

    @bestfxrates : FX analysts forecast varied influences on the CAD to INR exchange rate. CAD struggles due to risk environments & housing price declines in 2023. Meanwhile, INR weakens due to rising energy prices & potential interest rate hikes. Currently, CAD to INR trades near a 3-month average of 61.65. Monitor oil trends & economic developments for informed decisions in international transactions. #CADINR #Forex #FX

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    CAD to INR Market Data

    Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    61.20We compare provider deals to this wholesale mid-market rate. Read more
    CAD to INR is at 14-day lows near 61.20, just 0.7% below its 3-month average of 61.64, having traded in a very stable 3.1% range from 60.65 to 62.56
    Sell CAD   →   Buy INR
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    15 Sep 2023
    0.3% 2 Week
    01 Jul 2023
    1.2% 3 Month
    29 Sep 2022
    2.8% 1 Year
    30 Sep 2018
    8.4% 5 Year
    01 Oct 2013
    1% 10 Year
    04 Oct 2003
    81.5% 20 Year
    CAD/INR historic rates & change to 29-Sep-2023

    Forecasts for CAD to INR

    CADINR chart

    Based on recent exchange rate analyst forecasts and currency market updates, the CAD to INR exchange rate is expected to face several factors influencing its direction. The Canadian dollar has been struggling against the US dollar due to the risk-on and risk-off environments in financial markets, rather than fundamental factors in the US and Canada. Continued housing price declines and adverse wealth effects may put additional pressure on the Canadian dollar in 2023. On the other hand, the Indian rupee has been steadily weakening against the US dollar due to concerns about rising energy prices, which could lead to inflation and potential interest rate hikes. The announcement of the surprise OPEC+ cut to oil production in April 2023 further affected the rupee.

    Read our full CAD to INR forecasts analysis

    CAD to INR flags

    How to get a good CAD to INR exchange rate

    There are several ways to save on exchange rates when converting Canadian dollar to Indian rupee:

    1. Shop around for the best CAD/INR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the CAD/INR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and INR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Indian rupee with Canadian dollar, then it's better for the CAD/INR exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the Canadian 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 CAD/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.


    Country Currency Guides

    IndiaIndia (INR)CanadaCanada (CAD)

    How is the cost of living in India?

    The cost of living in India is relatively low compared to developed countries. Basic goods and services cost less than 50% of what they cost in developed nations.

    How is the expat life in India?

    The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.

    Read more at our India (INR) country guide


    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

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