Switch

INR

Indian Rupee News, Guides, Forecasts & Provider Reviews. Stay on top of Indian Rupee exchange rates, charts and rate changes in the major INR cross currency pairs. This allows you to take advantage of any market moves plus the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

 

    USD to INR Forecasts

    USD/INR forecasts change all the time, affected by news events and relative sentiment towards the US and Indian economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coranavirus pandemic.

    GBP to INR Forecasts

    GBP/INR forecasts change all the time, affected by news events and relative sentiment towards the UK and Indian economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coranavirus pandemic.

    AUD to INR Forecasts

    A decrease in AUD/INR is expected in 2020, and that's bad news for Indian expat workers, who represent one of the largest groups remitting money from Australia.

    Indian rupee INR forecasts for 2020

    Forecasts for the Indian rupee change all the time, affected by news events and relative sentiment towards the Indian economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of INR in the currency markets.

    InstaReM – BER Review

    Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.

    Australian Dollar Leaps as RBA Stands Firm on Interest Rates

    RBA Australian dollar AUD currency news and forecasts

    The RBA left interest rates on hold at 1.5 percent on Tuesday, spurring big gains for the Australian dollar, which had slipped beforehand to long-term lows against several major currencies. Roughly half of economists had expected rates to be cut by 25 basis points.

    AUD/INR: A Perfect Storm for a Higher Exchange Rate

    Seasonal weakness, election uncertainty, strong technical support and oil market complications should be more than sufficient to spur an AUD/INR rally into mid-year.

    India Pursues Complete Ban on Digital Currencies

    Cryptocurrencies and the blockchain technologies that support them are at the forefront of remittance-industry innovations, but these are under attack in India, where a complete crypto ban will be proposed in May.

    USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

    For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

    Higher Interest Rates Boost USD but Spell Trouble for Asia FX

    Friday’s announcement by the BLS that unemployment in the US has fallen to its lowest level in half a century further firmed expectations for US interest rates and was sufficient to drive the US dollar to fresh long-term highs against currencies throughout the Asia-Pacific region.

    Relief in Emerging Market FX After Turkey Raises Interest Rates

    There was widespread relief among emerging market investors on Thursday after the Turkish central bank finally raised interest rates to protect the embattled lira. Elsewhere, the dollar lost value for a fourth consecutive day and ethereum stabilized after a ten-day fall.

    Bets Against IDR, SGD and INR Increase

    A Reuters survey of investors this week has shown increased bearishness on the Indonesian rupiah, Singapore dollar and Indian rupee. Each of the Asian currencies has lost value this year amid concerns for global trade and following emerging market currency crises in Argentina and Turkey.

    Rupee Has Best Day Since 2016 and More Strength Likely

    Thursday’s gain of 56 paise over the dollar market the Indian rupee’s best one-day performance since November 2016. The rupee thrived after oil prices plunged on Wednesday.

    Indian Rupee Ends the Week with a Bang

    On Friday, the Indian rupee had one of its best days in recent years, with gains of 49 paise and 72 paise against the dollar (₹66.91) and euro (₹78.13) respectively. The rupee was supported after data showed India’s economy growing faster than any other in the world, including China. For USD/INR, now at a one-month […]

    Trump Slaps Tariffs on Allies but Calm Prevails Ahead of US Jobs Data

    The big news for investors on Thursday was Washington’s confirmation that steel and aluminium products reaching the US from Europe, Canada and Mexico – all important allies – would be subject to trade tariffs. Foreign leaders raged against the decision and announced plans for immediate retaliation. On Tuesday, Washington had already announced tariffs on $50 […]

    CAD Steals Headlines from Dollar on Dramatic Employment Boost; Asia-Pac Currencies Make Sweeping Gains

    The U.S. dollar was upstaged by its Canadian counterpart on Friday following the release of some spectacular Canadian employment data. Statistics Canada said on Friday that the nation’s unemployment rate fell in December to just 5.7% – the lowest rate in forty years – and that Canadian businesses added 78,600 new jobs. Ahead of the […]

    Markets Upbeat Ahead of FOMC and Trump Decision; Korean Won Best in Asia-Pac

    Ahead of major announcements in the coming days, investors were in surprisingly good spirits on Wednesday, indicated by a stronger New Zealand dollar, won, rupee and a faltering yen. Weakness in Asia-Pac FX would have been forgiven ahead of Thursday’s announcements by the FOMC (Wednesday in the US and Europe), Bank of England and Donald […]

    Asia-Pac Currencies Make Waves Against Euro After ECB Extends Asset Purchases

    Currencies in the Asia-Pacific region made sweeping gains against the euro on Thursday night after the European Central Bank announced a cautious approach to the removal of monetary stimulus. Further to a zero percent interest rate, the ECB is currently buying €60 billion worth of assets (bonds) each month, with the goal of keeping eurozone […]

    The Week Ahead for Asia FX

    The week ahead should be an interesting one for Asian financial markets, with the highlights being China’s 19th National Congress, the latest numbers for Chinese economic growth, the Bank of Korea’s monetary policy meeting and Japanese trade data. Further to that, and to the events outlined below, investors should look with care to Federal Reserve […]

    Asia-Pac Gains as Risk Appetite Returns

    With the unsurprising exception of the Philippine peso – Asia’s worst performing currency of the year – Asia-Pac’s most actively traded currencies made gains against the US dollar on Tuesday. Although limited, gains were somewhat easy to come by as risk appetite returned after the President of Catalonia, Carles Puigdemont, held off on formally declaring […]

    Asia-Pac Takes a Hit as Fed Sticks to Guns on Rate Hike, Balance Sheet Normalization

    Currencies in the Asia-Pacific region fell against the US dollar on Thursday morning after the Federal Reserve signaled that it would raise interest rates again this year and would begin shrinking its balance sheet in October. The Fed funds rate was left unchanged at its current range of 1–1.25%. Although the majority of economists had […]

    Indian Government’s Crackdown on Black Market Rupees Fails Miserably

    India’s experiment with “demonetization” has failed according to figures from the country’s central bank. In a shocking decision on November 8th of last year, India’s government demonetized all 500 and 1000 rupee notes (worth USD 7.78 and USD 15.56 respectively), rendering 86% of currency in circulation worthless. Indians were given just four hours’ notice by […]

    Rupee Leaps to a 2-Year High Following RBI Decision

    As expected by roughly seventy percent of economists, the Reserve Bank of India (RBI) cut its key interest rate to 6% from 6.25% at Wednesday’s meeting. Four of the six members of the RBI’s Monetary Policy Committee voted for the change. Interest rates have not been this low in India since 2010. The Indian rupee, […]

    Uncertainty Ahead of RBI Rate Decision as Rupee Approaches Significant Technical Level

    Of fifteen economists surveyed by Mint, eleven expect India’s central bank, the Reserve Bank of India, to cut interest rates by 25 basis points at today’s meeting. Of a further fifty-six economists polled by Reuters, forty expect the same. With no unanimous prediction, this makes rupee volatility highly likely before and after the meeting. The announcement […]

    ABN Amro Upgrade Rupee Forecast, Think Currency Will Finish 2017 Strongly

    Dutch bank ABN Amro have this week upgraded their forecast for the Indian rupee. The bank now believes that the year will end with the rupee buying 0.0155 US dollars (USD/INR 64.5), and while this is not a significant increase on the rupee’s current valuation at 0.0154 (USD/INR 65.0), it marks a significant upward revision […]

    EM Asia Currencies Fall Following Moderately Hawkish Fed Speak

    A rally in the US dollar prompted by moderately hawkish Fed speakers pushed emerging market Asian currencies such as the Thai baht, Philippine peso and Malaysian ringgit lower on Tuesday. Asian currencies from developed economies but which nonetheless remain second tier and under the “emerging” umbrella, such as the Korean won and the Taiwan dollar, […]

    Commodities Support AUD, NZD, INR and Thai Baht Boosted by Better Than Expected GDP

    The price of WTI crude oil rose by almost a dollar yesterday to $48.79 – it’s sixth daily gain in the past seven – and prices in the futures market for 62% iron ore held above $60 per metric ton, both of which gave a boost to commodities currencies. Oil rallied after energy ministers from […]

    Australian Dollar Getting Cheaper by the Day as Further Economic Data Drags Currency Lower

    There is good news for those in the US, Europe, Japan, Singapore, the UK, New Zealand, Taiwan, India, Mexico and just about anywhere at all, and that news is: that the Australian dollar is offering itself up for sale, in a buy 1 get all special. If you’ve always dreamt of cuddling that koala, buying […]

    Scotiabank: Four Conditions for Asian Currency Appreciation in 2017

    On Friday, Scotiabank – otherwise known as the Bank of Nova Scotia – outlined four factors that would drive Asian currencies higher in 2017. Investors would “pour funds” into Asian markets on the following grounds:   1)   If the Bank of Japan and European Central Bank continue with their stimulus programs, providing “accommodative” levels […]

    Malaysian Ringgit Outlook: Has It Turned a Corner?

    The Malaysian ringgit has been one of Asia’s worst performing currencies for some time. Between May-2013 and September-2015 the exchange rate for MYR/USD declined from highs at 0.338 to 0.223 – a 34% fall in the currency’s value. Markets gave the ringgit some respite between October-15 and April-16, a period in which the ringgit clawed […]

    Gradual Appreciation of Taiwan Dollar Likely, Says Research Group, and Stormy Waters Possibly Ahead for Emerging Market Currencies

    The team at BMI Research – part of the Fitch group of companies – are maintaining their “slightly bullish” short-term view on the Taiwan dollar, mainly on technical grounds. Over a longer-term, analysts at the firm are also positive on the Taiwanese currency, believing in a “gradual appreciation”, based upon a solid fiscal outlook in […]

    Philippine Peso Starts Q2 with a Bang

    In recent days, the Philippine peso has done what other Asian currencies were unable to, and that’s to make gains against the US dollar in an environment of heightened geopolitical risk – an environment normally associated with a sell-off in emerging market currencies. The peso gained again on Monday following up on its superb performance […]

    US Dollar Resilience Forces AUD/USD below 75.00 and Indian Rupee Skyrocketing

    Despite what has been described by CNBC as a “shocker” of a US jobs report on Friday and a US attack on Syria – a move certain to have geopolitical ramifications – the US dollar ended the week strongly. Against the Japanese yen, the dollar fell toward 110.10 early in the day on news of […]

    State Bank of India (SBI)

    State Bank of India is India’s largest commercial bank and the world’s largest player in the Indian rupee foreign exchange market. This unique position enables State Bank to offer the most competitive quote for Indian Rupees.


    Foreign Transfers

    Travel/Spend Abroad


    Get a Better Deal when you Send and Spend Abroad.