The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. (Writing by Brinda Darasha editing by Seban This article is provided for informational purposes only. “Over the long term, we believe that a central bank preference for a weaker rupee to support the export sector, higher structural inflation in India relative to the US as well as a high and sustained global oil prices will place depreciatory pressure on the rupee.”įor Indian expatriates in the UAE, the rupee was trading at INR19.93/AED on Monday, at the time of writing. The report forecasts the Indian rupee to average INR73.50/USD in 2021, and INR75.50/ USD in 2022. However, the currency could turn softer over a longer term. “This will mitigate the depreciatory pressures from loose monetary and fiscal policy in India, as well as a worsening terms of trade stemming from elevated global oil prices.” Weaker INR in long term “We expect the rupee to continue trading in a range between INR72.30/USD and INR75.00/USD over the remainder of the year and forecast the unit to average INR73.50/USD in 2021.”įitch Solutions said the central bank, Reserve Bank of India, is expected to continue intervening to maintain relative rupee stability in order to manage imported inflation arising from high global oil prices. The Indian rupee has traded sideways since March 2021 and has averaged INR73.30/USD in the 2021 year to-date, the report said.
![dollar to rupee prediction dollar to rupee prediction](https://walletinvestor.b-cdn.net/static/frontend/forecast-graphs/82/forex-twd-inr-forecast.png)
Change from previous month is -0.The Indian rupee (INR) is set to continue trading sideways in the short-term as the central bank intervenes to maintain stability in the currency, said Fitch Solutions in a report Monday. Expected low & high rate for Dec’22 is 74.23 - 76.47 India Rupees. Change from previous month is 1.38%įorecast for Dec’22: Opening & closing USD to INR forecast rate is 75.48 - 75.35 India Rupees. Expected low & high rate for Nov’22 is 74.36 - 76.60 India Rupees. Change from previous month is -1.05%įorecast for Nov’22: Opening & closing USD to INR forecast rate is 74.45 - 75.48 India Rupees. Expected low & high rate for Oct’22 is 73.34 - 75.56 India Rupees. Change from previous month is 1.94%įorecast for Oct’22: Opening & closing USD to INR forecast rate is 75.24 - 74.45 India Rupees. Expected low & high rate for Sep’22 is 74.12 - 76.36 India Rupees. Change from previous month is 0.39%įorecast for Sep’22: Opening & closing USD to INR forecast rate is 74.32 - 75.24 India Rupees. Expected low & high rate for Aug’22 is 72.71 – 74.91 India Rupees. Change from previous month is 2.52%įorecast for Aug’22: Opening & closing USD to INR forecast rate is 73.52 - 73.81 India Rupees. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Change from previous month is -0.84%įorecast for Jul’22: Opening & closing USD to INR forecast rate is 72.54 - 73.52 India Rupees. Expected low & high rate for Jun’22 is 70.64 – 72.78 India Rupees. Change from previous month is -2.18%įorecast for Jun’22: Opening & closing USD to INR forecast rate is 72.32 - 71.71 India Rupees. Expected low & high rate for May’22 is 71.24 – 73.93 India Rupees. Change from previous month is 0.39%įorecast for May’22: Opening & closing USD to INR forecast rate is 73.93 - 72.32 India Rupees. Expected low & high rate for Apr’22 is 72.83 – 75.03 India Rupees. Change from previous month is 1.35%įorecast for Apr’22: Opening & closing USD to INR forecast rate is 73.64 - 73.93 India Rupees. Expected low & high rate for Mar’22 is 72.54 – 74.74 India Rupees.
![dollar to rupee prediction dollar to rupee prediction](https://www.financeminutes.com/wp-content/uploads/2018/01/USD-to-INR-2018-Outlook.png)
Change from previous month is -0.74%įorecast for Mar’22: Opening & closing USD to INR forecast rate is 72.66 - 73.64 India Rupees. Expected low & high rate for Feb’22 is 71.58 – 73.74 India Rupees. Change from previous month is -1.28%įorecast for Feb’22: Opening & closing USD to INR forecast rate is 73.20 - 72.66 India Rupees. Expected low & high rate for Jan’22 is 72.11 – 74.29 India Rupees.
![dollar to rupee prediction dollar to rupee prediction](https://www.financeminutes.com/wp-content/uploads/2018/02/USD_INR_Indian_Rupee_US_Dollar.png)
Next 12 Months USD To INR Forecast for 2022 Month/Yearįorecast for Jan’22: Opening & closing USD to INR forecast rate is 74.15 - 73.20 India Rupees.