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Danish Krone to Indian Rupee (DKK/INR) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: October 10, 2024 (8:00)
Reverse forecast: INR to DKK
Danish Krone / Indian Rupee price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Danish Krone (DKK) to Indian Rupee (INR) | 1229.9 | 1215.5 | 1225.6 | |
| 200 Danish Krone (DKK) to Indian Rupee (INR) | 2459.7 | 2430.9 | 2451.1 | |
| 500 Danish Krone (DKK) to Indian Rupee (INR) | 6149.4 | 6077.3 | 6127.8 | |
| 1000 Danish Krone (DKK) to Indian Rupee (INR) | 12298.7 | 12154.6 | 12255.6 | |
| 3000 Danish Krone (DKK) to Indian Rupee (INR) | 36896.1 | 36463.8 | 36766.8 |
How much will the DKK/INR currency pair cost in 2024, 2025 and 2026? What is the forecast for the DKK/INR currency pair? What is the target price of the Danish Krone / Indian Rupee currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Danish Krone rise or fall against the Indian Rupee?
Identifying the trend of the DKK/INR currency pair
Recent news feeds paint a mixed yet intriguing portrait of the INR's performance against global currencies. Despite sustained foreign fund outflows, the INR managed a 'Somewhat-Bullish' response, as evidenced by a slight breach of 83.60, driven by reduced global oil prices and robust domestic equities. However, persistent struggles to surpass the critical threshold of 83.50 highlighted uncertainties, possibly influenced by impending comments from Jerome Powell and forthcoming US inflation figures.
Furthermore, INR's temporary retreat below 83.53 marked a pause in its positive streak due to a strengthening US dollar and surging oil prices, creating a 'Neutral' sentiment. Meanwhile, a substantial injection of foreign investments totalling Rs 33,700 crore into Indian markets, inspired by India's market resilience and a US rate cut, underscores a buoyant demand for the INR, potentially lifting its valuation.
In the near term, investors might anticipate delicate balancing between external pressures and domestic strengths. The INR will likely navigate a cautious path, oscillating within its current range unless significant economic indicators shift, thus remaining vulnerable to both global economic cues and domestic policy responses.
INR Trend Forecasting
Regarding the INR currency, 33 news pieces were analyzed. The average relevance of these news items is 0.29 (the closer to 1, the higher).|
2024-09-26
|
Neutral | Impact: -0.18 | News: 2 (0/1/1) |
|
2024-09-24
|
Bullish | Impact: 0.29 | News: 1 (1/0/0) |
|
2024-09-23
|
Bullish | Impact: 0.22 | News: 2 (1/1/0) |
|
2024-09-22
|
Bullish | Impact: 0.32 | News: 1 (1/0/0) |
|
2024-09-21
|
Neutral | Impact: Na | News: 1 (0/1/0) |
|
2024-09-20
|
Bullish | Impact: 0.04 | News: 3 (2/0/1) |
|
2024-09-19
|
Bullish | Impact: 0.14 | News: 2 (1/1/0) |
INR Declines Slightly Amidst Strong Equities and Reduced Oil Prices
September 26, 2024 (11:35)
Trend: Somewhat-Bearish
Influence: -0.3
The INR experienced a minor depreciation due to continued foreign investment outflows, causing downward pressure on the currency. However, the negative impact was somewhat mitigated by decreasing global crude oil prices and robust domestic stock performance, which provided some support to the rupee.
Rupee Struggles Below Key $83.50 Level Ahead of Powell's Remarks and US Inflation Data
September 26, 2024 (04:18)
Trend: Neutral
Influence: -0.06
The Indian rupee's struggle to break past the 83.50 mark underscores the market's anticipation for clarity from Jerome Powell's comments and upcoming US inflation data. The neutral sentiment reflects the uncertainty as traders await potential signals that could influence the currency's direction.
This chart provides a comparative trend analysis of sentiment scores over time for DKK and INR currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Danish Krone/Indian Rupee currency pair
The chart below shows the historical quotes of the DKK/INR pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Danish Krone/Indian Rupee rate can be found in the table below.
Long-term forecasts by years.
INR Main News
INR Strengthens Above 83.60 Level Against USD
September 24, 2024 (10:27)
Trend: Somewhat-Bullish
Influence: 0.29
The INR's move back above the 83.60 threshold may have been driven by a favorable change in economic indicators or investor sentiment, as reflected in the 'Somewhat-Bullish' sentiment label. This shift suggests a moderate optimism regarding the currency's future prospects, possibly influenced by market dynamics or policy adjustments.
INR's Winning Streak Halts as it Closes Slightly Lower
September 23, 2024 (11:53)
Trend: Neutral
Influence: 0.12
The slight depreciation in the INR against the US dollar is attributed to external pressures from a strengthening dollar and rising crude oil prices. These factors combined have led to the INR snapping its previous gains, resulting in a neutral market sentiment.
Foreign Investors Infuse Rs 33,700 Crore into Indian Equities in September Riding on US Rate Cut and Local Strength
September 23, 2024 (03:13)
Trend: Somewhat-Bullish
Influence: 0.32
The substantial inflow of foreign investments into Indian equities indicates increased demand for the INR, contributing to its appreciation. Additionally, India's market resilience and positive economic indicators make it a more attractive destination for investors, further boosting the currency's performance.
Foreign Investors Inject Rs 33,700 crore into Indian Equities in September
September 22, 2024 (05:35)
Trend: Somewhat-Bullish
Influence: 0.32
The significant inflow of foreign funds into Indian equities is driven by the US interest rate cut, which has made Indian assets more attractive. This influx has led to a somewhat bullish sentiment for the INR, strengthening its exchange rate due to increased demand for Indian currency to complete these transactions.
India and Myanmar Explore Bilateral Trade Using Local Currencies
September 21, 2024 (15:49)
Trend: Neutral
Influence: 0
The discussion between India and Myanmar on conducting trade using local currencies like the rupee and kyat suggests a neutral impact on the INR, as this shift doesn't immediately change global demand or supply dynamics. Such bilateral agreements can be beneficial in reducing dependency on major reserve currencies, but their effect on the exchange rate remains neutral until more concrete trade actions are undertaken.
Indian Rupee Records Major Weekly Gain, Rising to 83.56 Against USD
September 20, 2024 (13:53)
Trend: Somewhat-Bullish
Influence: 0.2
The recent appreciation of the Indian Rupee can be attributed to market dynamics that favored the currency, alongside the Reserve Bank of India's strategic intervention in buying dollars. By purchasing dollars, the RBI mitigated the Rupee's potential for further appreciation while helping to stabilize exchange rates, resulting in a somewhat bullish outlook.
RBI Nets $6.93 Billion in July Spot Forex Purchases: Bulletin Update
September 20, 2024 (12:11)
Trend: Bearish
Influence: -0.35
The RBI's net purchase in the spot forex market suggests an effort to stabilize the INR, but the high level of outstanding forward sales may signal persistent market pressures. This balance of increased spot market activity against forward market sales likely contributes to the bearish sentiment on the INR.
Rupee Remains Strong Amid Record Stock Market Performances
September 20, 2024 (11:46)
Trend: Somewhat-Bullish
Influence: 0.27
The news highlights that the Rupee is benefiting from the strong performance of the equity markets, which typically increases investor confidence and capital inflow. As equities hit new highs, this provides support to the INR, reflected in its somewhat bullish sentiment.
INR Reaches 2-Month Peak Following Federal Reserve's 50 Basis Points Rate Reduction
September 19, 2024 (11:35)
Trend: Neutral
Influence: 0.05
The Indian rupee's appreciation to a two-month high is attributed to improved investor sentiment following the Federal Reserve's rate cut of 50 basis points. Despite the positive momentum, the relatively neutral sentiment towards the INR suggests that market participants are cautiously optimistic about its future trajectory.
INR Surges to Nearly Two-Month High Amid Local Equity Market Gains
September 19, 2024 (07:54)
Trend: Somewhat-Bullish
Influence: 0.23
The INR has strengthened, reaching a nearly two-month high, partly due to the positive performance of local equity indices, which hit fresh highs. This optimistic market sentiment is contributing to a 'Somewhat-Bullish' outlook on the INR, as indicated by the overall positive sentiment scoring.
INR Reaches One and a Half Month High Against USD; NIFTY Closes at Record Level
September 17, 2024 (12:30)
Trend: Somewhat-Bullish
Influence: 0.16
The rise in the INR's value against the US dollar is positively influenced by the Indian stock market's strong performance, as reflected by NIFTY's record close. This 'Somewhat-Bullish' sentiment indicates growing investor confidence and favorable economic conditions that are boosting the INR.
Indian Rupee Reaches Three-Week Peak Against the US Dollar
September 17, 2024 (06:54)
Trend: Neutral
Influence: -0.13
The Indian Rupee reaching a three-week high against the US Dollar indicates increased investor confidence or changes in market dynamics favoring the INR. Despite the neutral sentiment indicated by the ticker sentiments, such a movement in the exchange rate may suggest resilience or positive economic developments in India.
Rupee Set to Hold Steady as US Federal Reserve Meeting Looms
September 17, 2024 (04:11)
Trend: Neutral
Influence: -0.06
The rupee is anticipated to maintain its current range, reflecting the market's expectation of a neutral impact from the upcoming US Federal Reserve meeting. The slight negative sentiment score indicates mild caution among traders, but no significant movement is anticipated in the INR exchange rate.
INR Strengthens Below 83.90 Against the US Dollar
September 16, 2024 (10:36)
Trend: Bullish
Influence: 0.46
The bullish sentiment towards INR as indicated by the ticker sentiment score suggests investor confidence and possibly favorable economic conditions or market interventions. This appreciation under the 83.90 mark against the US dollar might be due to positive market news or improved financial indicators influencing investor behavior.
Rupee Poised for Gains Amid Possibility of Significant Fed Rate Cut
September 16, 2024 (03:39)
Trend: Neutral
Influence: 0.02
The anticipation of a significant rate cut from the Federal Reserve suggests a potential weakening of the US dollar, which could lead to the rupee trading at slightly higher levels. Although the sentiment is labeled as neutral, the market's expectation for a stable to slightly improved rupee reflects cautious optimism.
Comprehensive Analysis of News and Events influencing the DKKINR currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Danish Krone/Indian Rupee currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Danish Krone / Indian Rupee Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct 12 | 12.2987 | 12.2729 | 12.3563 | 0.68 % |
| Oct 13 | 12.2810 | 12.2545 | 12.3156 | 0.50 % |
| Oct 14 | 12.2191 | 12.1648 | 12.2726 | 0.89 % |
| Oct 15 | 12.1524 | 12.0955 | 12.1779 | 0.68 % |
| Oct 16 | 12.1597 | 12.1115 | 12.1750 | 0.52 % |
| Oct 17 | 12.1546 | 12.1028 | 12.1721 | 0.57 % |
| Oct 18 | 12.1852 | 12.1545 | 12.2429 | 0.73 % |
| Oct 19 | 12.2057 | 12.1764 | 12.2452 | 0.57 % |
| Oct 20 | 12.1412 | 12.1113 | 12.1704 | 0.49 % |
| Oct 21 | 12.1674 | 12.1120 | 12.2164 | 0.86 % |
| Oct 22 | 12.1324 | 12.0763 | 12.1688 | 0.77 % |
| Oct 23 | 12.1622 | 12.1199 | 12.1819 | 0.51 % |
| Oct 24 | 12.2330 | 12.1802 | 12.2595 | 0.65 % |
| Oct 25 | 12.2932 | 12.2622 | 12.3500 | 0.72 % |
| Oct 26 | 12.2822 | 12.2497 | 12.3323 | 0.67 % |
| Oct 27 | 12.3551 | 12.3373 | 12.3707 | 0.27 % |
| Oct 28 | 12.3848 | 12.3654 | 12.4442 | 0.64 % |
| Oct 29 | 12.3521 | 12.3024 | 12.4062 | 0.84 % |
| Oct 30 | 12.3128 | 12.2677 | 12.3623 | 0.77 % |
| Oct 31 | 12.2899 | 12.2729 | 12.3297 | 0.46 % |
| Nov 01 | 12.2840 | 12.2530 | 12.3149 | 0.51 % |
| Nov 02 | 12.2574 | 12.2354 | 12.2964 | 0.50 % |
| Nov 03 | 12.2582 | 12.2376 | 12.2839 | 0.38 % |
| Nov 04 | 12.3303 | 12.2903 | 12.3547 | 0.52 % |
| Nov 05 | 12.3391 | 12.2895 | 12.3961 | 0.87 % |
| Nov 06 | 12.3547 | 12.3369 | 12.4110 | 0.60 % |
| Nov 07 | 12.3139 | 12.2585 | 12.3516 | 0.76 % |
| Nov 08 | 12.3161 | 12.2903 | 12.3516 | 0.50 % |
| Nov 09 | 12.2696 | 12.2379 | 12.2917 | 0.44 % |
| Nov 10 | 12.2556 | 12.2174 | 12.2769 | 0.49 % |
Target daily price DKK/INR
Target values of the DKK/INR currency pair as of 10-12-2024.
Optimistic target level: 12.3563
Pessimistic target level: 12.2729
Target values of the DKK/INR currency pair as of 10-13-2024.
Optimistic target level: 12.3156
Pessimistic target level: 12.2545
Target values of the DKK/INR currency pair as of 10-14-2024.
Optimistic target level: 12.2726
Pessimistic target level: 12.1648
Target values of the DKK/INR currency pair as of 10-15-2024.
Optimistic target level: 12.1779
Pessimistic target level: 12.0955
Target values of the DKK/INR currency pair as of 10-16-2024.
Optimistic target level: 12.1750
Pessimistic target level: 12.1115
Danish Krone / Indian Rupee (DKK/INR) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Nov | 12.3604 | 12.1605 | 12.4624 | 2.42 % |
| Dec | 12.5970 | 12.4806 | 12.8131 | 2.60 % |
DKK/INR forecast for this year
Forecast of the DKK/INR pair for Nov 2024
Forecast of the DKK/INR pair for Dec 2024
Danish Krone / Indian Rupee (DKK/INR) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 12.7259 | 12.4109 | 12.8434 | 3.37 % |
| Feb | 12.4571 | 12.3379 | 12.7818 | 3.47 % |
| Mar | 12.1364 | 11.9122 | 12.2526 | 2.78 % |
| Apr | 12.4608 | 12.3046 | 12.7692 | 3.64 % |
| May | 12.7898 | 12.7054 | 13.0262 | 2.46 % |
| Jun | 12.7560 | 12.4908 | 13.0507 | 4.29 % |
| Jul | 12.5624 | 12.3510 | 12.6743 | 2.55 % |
| Aug | 12.5997 | 12.3128 | 12.7577 | 3.49 % |
| Sep | 12.4126 | 12.1873 | 12.6379 | 3.57 % |
| Oct | 12.1914 | 11.9782 | 12.4409 | 3.72 % |
| Nov | 12.4127 | 12.3226 | 12.6626 | 2.69 % |
| Dec | 12.4537 | 12.3386 | 12.7208 | 3.00 % |
Danish Krone / Indian Rupee (DKK/INR) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 12.4372 | 12.3182 | 12.7081 | 3.07 % |
| Feb | 12.7081 | 12.3810 | 12.8591 | 3.72 % |
| Mar | 12.6704 | 12.3735 | 12.9087 | 4.15 % |
| Apr | 12.7122 | 12.4689 | 12.9471 | 3.69 % |
| May | 13.0771 | 12.7664 | 13.3965 | 4.70 % |
| Jun | 13.1937 | 13.0848 | 13.4984 | 3.06 % |
| Jul | 12.8540 | 12.5953 | 13.1892 | 4.50 % |
| Aug | 12.7989 | 12.6975 | 13.0565 | 2.75 % |
| Sep | 12.7862 | 12.6343 | 13.0225 | 2.98 % |
| Oct | 13.0900 | 12.8481 | 13.3924 | 4.06 % |
| Nov | 13.0684 | 12.8916 | 13.2366 | 2.61 % |
| Dec | 13.2151 | 12.9229 | 13.3851 | 3.45 % |