The best CAD to INR rate is 61.48, and is the current mid-market exchange rate. We help you compare Canadian dollar to Indian rupee rates and costs to this live market rate.
In this loonie to rupee (CAD/INR) rate guide:
CAD to INR 
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 below Rate 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.
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Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | CAD/INR | Change | Period |
|---|---|---|---|
14 Nov 2023 | 60.60 | 1.4% ▲ | 2 Week |
30 Aug 2023 | 61.10 | 0.5% ▲ | 3 Month |
28 Nov 2022 | 60.52 | 1.5% ▲ | 1 Year |
29 Nov 2018 | 52.68 | 16.6% ▲ | 5 Year |
30 Nov 2013 | 58.81 | 4.5% ▲ | 10 Year |
03 Dec 2003 | 35.09 | 75.1% ▲ | 20 Year |
The Canadian Dollar (CAD) to Indian Rupee (INR) exchange rate has recently been observing strong performance, with the CAD reaching 30-day highs near 61.32 against the INR, which is marginally above its 3-month average of 60.93. The stability of this currency pair is reflected in its tight trading range, with a modest 3.1% fluctuation from 60.05 to 61.93. This steadiness comes even as analysts from CIBC Capital Markets project a potential weakening in the Canadian labor market towards the end of the year, which could lead the market to anticipate more rate cuts by the Bank of Canada (BoC), potentially driving the CAD to 1.39 against the USD. Meanwhile, Scotiabank analysts suggest the CAD is undervalued based on fundamental economic factors and expect the BoC could surprise the markets with an interest rate hike by the end of 2023, potentially bringing the USD/CAD to about 1.30. This underestimation by the market of Canada's monetary policy tightening could suggest an upward potential for the CAD.
Read our full CAD to INR forecasts analysis
There are several ways to save on exchange rates when converting Canadian dollar to Indian rupee:
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.
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.
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.
| India (INR) | Canada (CAD) |
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.
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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