Previous year’s estimation
The rupee will touch 74 or more to a dollar in 2020, “Assuming the global economy is stabilizing and improving, the rupee tends to lose value,” adding the rupee’s target in the range of 76-78.
Floating exchange rates, or flexible exchange rates, are determined by market forces without the active intervention of central governments. For instance, due to heavy imports, the supply of the rupee may go up and its value falls. In contrast, when exports increase and dollar inflows are high, the rupee strengthens.
The value of Rupee has been on the hang i,e; approx. 76 per US dollar for the past few months, but in January 2020 the rate went really down good for the Rupee and was well according to the estimations.
The exchange rate today
The Indian rupee appreciated 5 paise to 76.15 against the United States (US) dollar in early trade on Monday tracking gains in the domestic equity market and sustained foreign fund inflows.
Forex dealers said a weak US dollar against major currencies overseas also helped the domestic unit. However, rising crude prices and a fresh spike in coronavirus cases restricted the gains.
The rupee opened strong at 76.16 against the US dollar, and inched higher to touch 76.15 against the US dollar, up 5 paise over its previous close.
It had settled at 76.20 against the greenback dollar in the previous session on Friday.
Future currency rate of the currencies is predicted at 85.452 (12.065% ) after a year according to prediction system.
In 1 week Dollar to Rupee forecast on Monday, June, 29: exchange rate 76.59 Rupees, maximum 77.74 Rs, minimum 75.44 Rs. USD to INR forecast on Tuesday, June, 30: exchange rate 76.40 Rupees, maximum 77.55 Rs, minimum 75.25 Rs. Dollar to Rupee forecast on Wednesday, July, 1: exchange rate 76.70 Rupees, maximum 77.85 Rs, minimum 75.55 Rs. USD to INR forecast on Thursday, July, 2: exchange rate 76.76 Rupees, maximum 77.91 Rs, minimum 75.61 Rs. Dollar to Rupee forecast on Friday, July, 3: exchange rate 76.99 Rupees, maximum 78.14 Rs, minimum 75.84 Rs.
In 2 weeks USD to INR forecast on Monday, July, 6: exchange rate 76.79 Rupees, maximum 77.94 Rs, minimum 75.64 Rs. Dollar to Rupee forecast on Tuesday, July, 7: exchange rate 76.80 Rupees, maximum 77.95 Rs, minimum 75.65 Rs. USD to INR forecast on Wednesday, July, 8: exchange rate 76.92 Rupees, maximum 78.07 Rs, minimum 75.77 Rs. Dollar to Rupee forecast on Thursday, July, 9: exchange rate 77.34 Rupees, maximum 78.50 Rs, minimum 76.18 Rs. USD to INR forecast on Friday, July, 10: exchange rate 76.88 Rupees, maximum 78.03 Rs, minimum 75.73 Rs.
In 3 weeks Dollar to Rupee forecast on Monday, July, 13: exchange rate 76.77 Rupees, maximum 77.92 Rs, minimum 75.62 Rs. USD to INR forecast on Tuesday, July, 14: exchange rate 76.69 Rupees, maximum 77.84 Rs, minimum 75.54 Rs. Dollar to Rupee forecast on Wednesday, July, 15: exchange rate 76.47 Rupees, maximum 77.62 Rs, minimum 75.32 Rs. USD to INR forecast on Thursday, July, 16: exchange rate 76.73 Rupees, maximum 77.88 Rs, minimum 75.58 Rs. Dollar to Rupee forecast on Friday, July, 17: exchange rate 76.44 Rupees, maximum 77.59 Rs, minimum 75.29 Rs.
In 4 weeks USD to INR forecast on Monday, July, 20: exchange rate 76.44 Rupees, maximum 77.59 Rs, minimum 75.29 Rs. Dollar to Rupee forecast on Tuesday, July, 21: exchange rate 76.79 Rupees, maximum 77.94 Rs, minimum 75.64 Rs. USD to INR forecast on Wednesday, July, 22: exchange rate 76.86 Rupees, maximum 78.01 Rs, minimum 75.71 Rs.