AUD to INR forecast
The India Rupee has slumped 14% since the beginning of the year, while the Australian Dollar is 7% lower. As a result, the AUD INR exchange rate that is nearing 4-year highs.
So will this rising trend continue next year? According to major bank forecasts, the AUD INR might be slightly lower in 2019 compared to 2018. This article presents major bank outlooks for the AUD to INR and is updated regularly.
AUD to INR trend
Asia’s fastest growing economy, India, is in good shape, but maybe not for long. Imported oil prices rose, foreign investment in India dried up, and the government stopped intervening in the currency, driving the Rupee (INR) to a 4-year low. Now the government is trying to prop up the INR again.
A plunging INR combined with a lesser drop in the AUD, means the AUD INR exchange rate has jumped 6% since the beginning of the year.
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AUD to INR bank forecasts today
ANZ forecasts the AUD to INR exchange rate to end 2018 at 49.70, about 4% lower than the current rate.
National Australia Bank is not as pessimistic and expects the AUD INR exchange rate to fall slightly to 51.45 from current levels, by the end of the year.
Westpac is in-between ANZ and NAB, predicting the AUD INR exchange rate to fall to 50.30 by the end of the year.
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AUD to INR long term forecasts
The bank outlooks for the AUD to INR exchange rate in 2019 is relatively flat. Most of the banks are expecting the AUD INR to fall a touch lower by the middle of 2019.
- ANZ bank has a relatively flat profile next year, with the AUD to INR rate expected to rise to 50.05 in March, then fall towards 49.70 by June.
- NAB is expecting the AUD to INR exchange rate to decline slightly to 51.00 halfway through the year.
- Westpac expects the AUD to INR rate to gradually fall to 48.02 by June next year.
INR to AUD forecasts
If you want to convert AUD INR into INR AUD all you need to do is divide 1 by the rate.
For example, if the AUD to INR exchange rate is 51.00, then 1 Australian dollar is worth 51.00 Rupees (Rs). You divide 1 by 51.00Rs to find the INR AUD exchange rate of 0.0196. You then multiply the rate by the amount you want to calculate. E.g. 10,000Rs is equivalent to $196 Australian Dollars.
To save you some time, we have already calculated some of the major bank forecast exchange rates in the table below.
INR to AUD forecast exchange rates
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