Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the Indian Rupee (INR) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and projections for the near future.

Recent Exchange Rate Trends

As of July 3, 2025, the CAD/INR exchange rate stands at approximately 62.5 INR per 1 CAD. Over the past six months, the exchange rate has experienced both peaks and troughs:

• Highs and Lows: The highest recorded rate in this period was 63.438 INR per CAD on June 16, 2025, while the lowest was 59.365 INR per CAD on March 31, 2025. (exchange-rates.org)

• Average Rate: The average exchange rate during this timeframe was approximately 61.085 INR per CAD. (exchange-rates.org)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the CAD/INR exchange rate:

1. Economic Indicators:

   • Canada: Economic performance, including GDP growth, employment rates, and trade balances, directly impacts the strength of the CAD.
   • India: Similarly, India's economic indicators, such as inflation rates, industrial production, and foreign investment inflows, influence the INR's value.

2. Monetary Policies:

   • Decisions by the Bank of Canada regarding interest rates and monetary policy can strengthen or weaken the CAD.
   • The Reserve Bank of India's policies, including interest rate adjustments and currency interventions, affect the INR's valuation.

3. Global Commodity Prices:

   • Canada's economy is significantly influenced by commodity exports, particularly oil. Fluctuations in global oil prices can impact the CAD's strength.
   • India, being a major importer of commodities, is affected by changes in global commodity prices, which can influence the INR.

4. Geopolitical Events:

   • International events, trade agreements, and geopolitical tensions can lead to market uncertainties, affecting investor confidence and currency valuations.

Forecasts and Projections

Looking ahead, various financial institutions and analysts have provided forecasts for the CAD/INR exchange rate:

• Short-Term Forecasts:

  • For the current week, the exchange rate is projected to average around ₹62.1001, with an estimated trading range between ₹61.4791 and ₹62.7211. (midforex.com)

• Medium-Term Forecasts:

  • By the end of 2025, the exchange rate is estimated to average ₹62.3483, with a projected range between ₹62.0366 and ₹62.6601. (midforex.com)

• Long-Term Forecasts:

  • Looking further ahead, the exchange rate is projected to average ₹63.0311 by the end of 2026, with a range between ₹62.7159 and ₹63.3463. (midforex.com)

Implications for Stakeholders

Understanding the dynamics of the CAD/INR exchange rate is crucial for various stakeholders:

• Businesses: Companies engaged in trade between Canada and India need to monitor exchange rate trends to manage costs, pricing strategies, and profit margins effectively.

• Investors: Currency fluctuations can impact the returns on investments denominated in CAD or INR. Investors should consider exchange rate trends when making investment decisions.

• Travelers and Remittances: Individuals planning to travel or send remittances between the two countries should be aware of exchange rate trends to optimize the value of their transactions.

Conclusion

The CAD/INR exchange rate has shown variability over the past few months, influenced by a combination of economic indicators, monetary policies, global commodity prices, and geopolitical events. While forecasts suggest a gradual appreciation of the CAD against the INR in the coming years, stakeholders should remain vigilant and consider multiple factors when making financial decisions related to this currency pair.