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How has the rupee impacted the INR to USD forecast?

Since 2008 the dollar dived in value by 2.27% in its sudden 48 hours decline. This in turn made the rupee gain fiercely in strength. It provided a positive impact on the INR to USD forecast. The newly gained rupee strength can be short-lived based on long-term forecasts. The current inflation rate for the 12 months ending November is 7.1%.

Is rupee a correction in long-term dollar strength against the dollar?

The dollar plunged 2.27% in value in its steepest 48-hour decline since 2008. In turn, the rupee gained dramatically in strength against the dollar, providing a positive INR to USD forecast. However, this rupee gain may only be temporary. Some longer-term forecasts regard it as a correction in long-term dollar strength against the rupee.

Will Indian rupee appreciate against US dollar in 2024?

The Indian rupee is expected to appreciate against the US dollar in 2024, after a stable 2023, driven by anticipation of continued foreign inflows, with USD to INR forecast to trade at 82, according to analysts at Economic Times.

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