US Dollar-to-INR Forecast for Tomorrow, This Week, and Month (USD/INR)
USD/INR is a forex ticker that shows the value of the US dollar against the Indian rupee. It tells traders how many Indian rupees are needed to buy one US dollar.
This is an exotic pair that is cross. It has relatively high volatility and low liquidity, so strong slippage can be seen. You can also understand this by looking at the volatility calculator, which indicates that the 10-week volatility of this pair is more than 500 pips.
The Indian rupee has been struggling and facing volatility against the dollar for more than two decades. Despite changing monetary rules and policies, the Indian currency is facing a continuous decline against the dollar.
The USD/INR price chart shows volatile fluctuations in the short term and an upward wave-like chart in the long term. Both regions experience structural internal economic problems based on geopolitics and energy. Economic conditions in the United States affect the value of the dollar against the Indian rupee.
In this blog post, we will shed light on the intricacies of the US Dollar to Indian Rupee exchange rate and offer a comprehensive forecast for tomorrow and the week ahead.
On this page, you will find the latest information about the current price of the US dollar to the Indian rupee and forecast exchange rates for tomorrow, this week, and this month.
- The technical indicator data is updated based on a specific time frame.
- US dollar to Indian rupee exchange rate forecasts are updated daily.
- Price charts and the latest exchange rates are updated in real-time.
Indicator-Based Technical Analysis of USD/INR
You can find better entry points through the indications of the technical analysis tools given below.
- “Sell” or “Strong Sell” means that most signals are bearish.
- “Buy” or “Strong Buy” means that most signals are bullish.
Keep in mind that signals may vary in different time frames. For short-term transactions, it is recommended to use settings ranging from 5 minutes to 1 hour. And if you want to hold USD/INR for more than a week, it is recommended to use settings ranging from days to weeks.
USD to INR forecast for tomorrow, this week, and this month
The dollar-to-Indian rupee exchange rate forecast for tomorrow is 82.73 Indian rupee.
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 15/05 | Thursday | 83.03 | 85.55 | 84.29 |
| 16/05 | Friday | 82.38 | 84.88 | 83.63 |
| 19/05 | Monday | 83.62 | 86.16 | 84.89 |
| 20/05 | Tuesday | 83.68 | 86.22 | 84.95 |
| 21/05 | Wednesday | 84.18 | 86.74 | 85.46 |
| 22/05 | Thursday | 83.95 | 86.51 | 85.23 |
| 23/05 | Friday | 83.87 | 86.43 | 85.15 |
| 26/05 | Monday | 83.88 | 86.44 | 85.16 |
| 27/05 | Tuesday | 83.34 | 85.88 | 84.61 |
| 28/05 | Wednesday | 83.32 | 85.86 | 84.59 |
| 29/05 | Thursday | 83.08 | 85.62 | 84.35 |
| 30/05 | Friday | 83.15 | 85.69 | 84.42 |
| 02/06 | Monday | 83.11 | 85.65 | 84.38 |
| 03/06 | Tuesday | 83.29 | 85.83 | 84.56 |
| 04/06 | Wednesday | 83.28 | 85.82 | 84.55 |
| 05/06 | Thursday | 83.03 | 85.55 | 84.29 |
| 06/06 | Friday | 83.07 | 85.61 | 84.34 |
| 09/06 | Monday | 82.88 | 85.4 | 84.14 |
| 10/06 | Tuesday | 82.79 | 85.31 | 84.05 |
| 11/06 | Wednesday | 82.46 | 84.98 | 83.72 |
| 12/06 | Thursday | 82.32 | 84.82 | 83.57 |
| 13/06 | Friday | 82.31 | 84.81 | 83.56 |
| 16/06 | Monday | 81.88 | 84.38 | 83.13 |
| 17/06 | Tuesday | 82.26 | 84.76 | 83.51 |
Current USD/INR Chart Online
Latest Exchange Rates Online
What Factors Influence the USD/INR Long-Term Price Forecast?
Major factors affecting the USD/INR price:
- Policy of the Reserve Bank of India: The policy made by the Reserve Bank of India (RBI) has a direct impact on USD/INR. The RBI is believed to be implementing a soft monetary policy, which is helping exporters with the cheap rupee. This is one of the arguments for strengthening the INR.
- Energy Prices: India is one of the largest importers of crude oil; if crude oil prices increase or restrictions on crude oil supply are imposed by OPEC countries, then commodity prices in India may directly increase. Which results in an impact on inflation. Which will also have a direct impact on USD/INR.
- The widening gap between discount rates in India and the US is also impacting USD/INR.
- FDI: Foreign direct investment in India strengthens the Indian rupee against the US dollar.
FAQs
Is the USD/INR pair appropriate for beginners in trading?
The USD/INR pair may or may not be suitable for beginners. This is a Forex pair that has relatively high volatility and low liquidity, so strong slippage can be seen. For any beginners higher liquidity will be better.
Major currency pairs, such as EUR/USD or USD/JPY, often have more readily available information, news coverage and analysis. It can be beneficial for beginners who rely on fundamental analysis and stay informed about market developments. But this is not easily available in USD/INR pair.
Additionally, trading foreign pairs may involve additional costs associated with currency conversion.
What is the risk of trading USD/INR?
There are inherent risks involved in trading any currency pair, including USD/INR. Which includes market risk, economic risk, and political risk. As we discussed, USD/INR is an exotic currency pair. The main risk is an error in fundamental analysis, as there is very little information available about INR and fundamental data is difficult to find.
Price Prediction Methodology
The following tools are used to make predictions:
- Technical analysis is the basic tool. This involves studying price charts and using indicators to forecast future price movements. The analysis was mostly done on medium- and long-term time frames for more accurate results.
- Fundamental analysis involves examining the financial health and market factors of a company to predict its future performance.
- Predictive modeling uses statistical algorithms to forecast future prices based on historical data.
- Forecasts are based on consensus and expert opinion.
This article is intended for informational purposes only and does not constitute investment advice. Be aware of the high volatility of the forex market and consider these risks when making investment decisions.
