USD to INR Forecast: USD to Gain Further versus Indian Rupee

The Power game is still onboard whether it is played in sports, force or in Financial Market. The Supremacy of USD in USD to INR pair still persists. Let’s study how this time USD continues to lead the market .

Let us compare USD with non-other than INR. The currency market of the whole world comprises nearly 85% of USD transactions and nearly has no competitive rival. Although INR and USD are way different in their values, hence, both these currencies do not have any direct relationship. Keeping their current and recent past exchange rates, USD is always leading the market.

INR, so far, ranks 15^th amongst the world’s most traded currencies. It shares 0.9% daily in world’s currency market. As in case of other currencies, INR too has a single indication of its value and that is USD/INR relationship. This relationship, although is not that consolidated, but in case if USD and INR both gets strengthened in money market, their relationship can gets stronger.

USD to INR Prediction (2018)

MONTH	OPENING RATE	CLOSING RATE
MAY	66.47	68.50
JUNE	68.45	70.11
JULY	70.39	71.99
AUG	71.86	71.75
SEP	71.74	73.44
OCT	73.59	73.20
NOV	73.26	72.50
DEC	72.50	72.20

• In the month of May, USD/INR is trading around 66.50 marks.
• It is expected to close at 68.50 marks.
• The PMI of India has increased to 51.5, previously it was 50.2

USD to INR Forecast Analysis

Dollar in future (2019,2020) is prone to a substantial rise in relation to all other currencies. This may cause the worldwide shortage of Dollars. This is going to inevitably effect Indian Foreign exchange markets, so it can easily be predicted that the value of INR will definitely depreciate.

BMI Research reports, that the Indian Rupee is going to further depreciates. The approximate level is Indian Rs. 66 per USD. Although previously the Rupee had performed well but due to the high interest rates and rising oil prices in US, this value is going to fall further.

• In 2019, it is expected a rise in the value of INR from Jan-July from 71.50 to 72.10.
• From Aug-Dec, the value will fall from 70.20-68.14

So, we clearly can predict, that the USD is still unbeatable in the financial market, and it surely is, An Unbeatable Return, One wants to have for one’s services.