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Indian Rupee to United Arab Emirates Dirham (INR/AED) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: October 10, 2024 (3:19)
Reverse forecast: AED to INR
Indian Rupee / Arab Dirham price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Indian Rupee (INR) to Arab Dirham (AED) | 4.4 | 4.4 | 4.3 | |
| 200 Indian Rupee (INR) to Arab Dirham (AED) | 8.8 | 8.8 | 8.7 | |
| 500 Indian Rupee (INR) to Arab Dirham (AED) | 21.9 | 22 | 21.7 | |
| 1000 Indian Rupee (INR) to Arab Dirham (AED) | 43.9 | 44 | 43.3 | |
| 3000 Indian Rupee (INR) to Arab Dirham (AED) | 131.6 | 131.9 | 129.9 |
How much will the INR/AED currency pair cost in 2024, 2025 and 2026? What is the forecast for the INR/AED currency pair? What is the target price of the Indian Rupee / Arab Dirham 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 Indian Rupee rise or fall against the Arab Dirham?
Identifying the trend of the INR/AED currency pair
The series of news impacts on the INR/USD exchange rate suggest contrasting forces at play. The Indian rupee has faced downward pressure due to sustained foreign fund outflows and a strengthened dollar internationally, which has led to depreciation episodes like the six-day rally ceasing with a minor decline. These moves underscore a cautious market sentiment, potentially driven by geopolitical and macroeconomic factors.
Conversely, the rupee finds support from strong domestic equities and a decline in global crude prices, aiding in limiting downward spirals. Recent substantial foreign portfolio investments, totaling nearly Rs 33,700 crore, reflect rising investor confidence, bolstered further by US interest rate cuts and India's market resilience.
Market participants should keep a close watch on key economic indicators such as US inflation data and remarks from Federal Reserve Chair Powell. These have the potential to influence global currency sentiments significantly. The outlook for INR remains guardedly optimistic, with potential for appreciation in the mid-term, contingent on the continuation of positive domestic economic trends and stable global market conditions.
INR Trend Prediction
As of now, Panda has analyzed 31 news pieces concerning the INR currency. The average relevance score for these news items is 0.3 (with the closer to 1 being more relevant).|
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 Weakens Amid Foreign Fund Outflows; Equities and Crude Prices Offer Support
September 26, 2024 (11:35)
Trend: Somewhat-Bearish
Influence: -0.3
The INR exchange rate was negatively impacted by continuous foreign fund outflows, resulting in a depreciation against the US dollar. Nevertheless, the downside was limited due to supporting factors like a decline in global crude prices and a firm trend in domestic equities.
Rupee Awaits Key US Economic Signals After Stalling Below $83.5
September 26, 2024 (04:18)
Trend: Neutral
Influence: -0.06
The rupee's inability to surpass the 83.50 mark indicates a plateau in its trading momentum amid anticipation of significant comments from Federal Reserve Chair Powell and US inflation data. Market participants are likely cautious, as these factors could influence investor sentiment and, consequently, affect the USD-INR exchange rate.
AED Trend Forecasting
Regarding the AED currency, 2 news pieces were analyzed. The average relevance of these news items is 0.17 (the closer to 1, the higher).|
2024-09-15
|
Neutral | Impact: 0.1 | News: 1 (0/1/0) |
|
2024-09-08
|
Neutral | Impact: Na | News: 1 (0/1/0) |
Circle Forecasts Stablecoins to Dominate Global Payment Ecosystem
September 15, 2024 (09:23)
Trend: Neutral
Influence: 0.1
The potential mainstream adoption of stablecoins could stabilize or even strengthen the AED exchange rate due to the expected increase in global financial transactions using digital currencies. Although sentiment is currently neutral, the anticipated participation of payment firms in the stablecoin space is likely to indirectly influence the AED through enhanced financial technological integration.
Tether Allocates $100M to Agricultural Firm Amidst Intensifying Stablecoin Rivalry
September 8, 2024 (13:45)
Trend: Neutral
Influence: 0
The impact of Tether's investment on the AED is neutral, indicating no significant short-term effects on the exchange rate. This may be due to the fact that although the investment is substantial, it does not directly relate to any immediate changes in Forex markets that would affect the AED.
This chart provides a comparative trend analysis of sentiment scores over time for INR and AED 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 Indian Rupee/Arab Dirham currency pair
The chart below shows the historical quotes of the INR/AED 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 Indian Rupee/Arab Dirham rate can be found in the table below.
Long-term forecasts by years.
INR Main News
INR Strengthens Against USD, Crossing 83.60 Mark
September 24, 2024 (10:27)
Trend: Somewhat-Bullish
Influence: 0.29
The INR's movement beyond the 83.60 mark against the USD reflects a somewhat bullish sentiment, likely influenced by positive market factors or economic data. This appreciation in the INR indicates investor confidence and improved forex market conditions.
INR's Six-Day Rally Comes to an End with Slight Decline
September 23, 2024 (11:53)
Trend: Neutral
Influence: 0.12
The INR's slight decline is attributed to the strengthening of the US dollar in international markets, making the rupee less competitive. Additionally, the rise in crude oil prices adds pressure on the Indian currency, contributing to the end of its recent upward trend.
September Sees Significant FPI Investment in Indian Equities as US Rates Drop
September 23, 2024 (03:13)
Trend: Somewhat-Bullish
Influence: 0.32
The significant influx of foreign investment into Indian equities has bolstered the INR, reflecting increased confidence in the nation's economic stability and growth potential. The combination of a US interest rate cut and India's domestic market resilience has contributed to the strengthening of the INR against global currencies.
Foreign Investors Infuse Rs 33,700 Crore into Indian Equities in September Following US Rate Cut
September 22, 2024 (05:35)
Trend: Somewhat-Bullish
Influence: 0.32
The substantial foreign investment inflows into Indian equities indicate increased demand for Indian assets, which enhances the value of the Indian Rupee indirectly. The US interest rate cut makes Indian investments more attractive, contributing to a positive sentiment around the INR exchange rate.
India and Myanmar Explore Bilateral Trade Using Rupee and Kyat
September 21, 2024 (15:49)
Trend: Neutral
Influence: 0
The discussion to promote trade between India and Myanmar using local currencies like the rupee can lead to stability in the demand for INR by reducing dependency on foreign currencies such as USD in bilateral transactions. However, the current neutral sentiment indicates that the immediate impact on the INR exchange rate is minimal, possibly due to the initial stages of this bilateral initiative.
Indian Rupee Achieves Largest Weekly Rise of 2024; Gains 9 Paise to 83.56
September 20, 2024 (13:53)
Trend: Somewhat-Bullish
Influence: 0.2
The Reserve Bank of India's intervention by purchasing dollars curbed the potential for further appreciation of the rupee, despite its significant gain this week. This action indicates a balancing act to maintain export competitiveness, contributing to a somewhat bullish sentiment on the INR.
RBI's July Spot Forex Purchases Total $6.93 Billion: Insights from Bulletin
September 20, 2024 (12:11)
Trend: Bearish
Influence: -0.35
The RBI's reduction in net outstanding forward sales from $15.84 billion to $9.1 billion reflects a decrease in hedging demand, contributing to a bearish outlook on the INR. This action signals potential concerns about currency stability, leading to negative sentiment in the forex market regarding the INR.
Rupee Benefits from Record Highs in Equity Markets
September 20, 2024 (11:46)
Trend: Somewhat-Bullish
Influence: 0.27
The Rupee remains strong as equity markets reach new peaks, boosting investor confidence in the currency. This positive sentiment reflects the somewhat bullish outlook for INR, driven by robust market performance.
Indian Rupee Reaches 2-Month High Following Federal Reserve Rate Cut
September 19, 2024 (11:35)
Trend: Neutral
Influence: 0.05
The US Federal Reserve's decision to cut interest rates by 50 basis points likely contributed to a stronger Indian rupee by improving global investor sentiment and enhancing risk appetite. Despite the neutral sentiment label, the INR's improvement suggests investors are optimistic about the prospective economic landscape following the rate change.
INR Reaches Nearly Two-Month Peak as Equity Indices Surge
September 19, 2024 (07:54)
Trend: Somewhat-Bullish
Influence: 0.23
This news reflects a somewhat bullish sentiment for the INR, likely boosted by the performance of local equity indices reaching new highs. A strong equity market can result in increased foreign investment, strengthening the local currency due to higher demand.
INR Surges to 1.5-Month High Against USD, NIFTY Hits Record Close
September 17, 2024 (12:30)
Trend: Somewhat-Bullish
Influence: 0.16
The recent appreciation of the INR against the US dollar suggests a positive outlook for India's currency, as indicated by the 'Somewhat-Bullish' sentiment score. This trend may be influenced by strong market performance, exemplified by the record close of the NIFTY index.
Indian Rupee Reaches Three-Week Peak Versus US Dollar
September 17, 2024 (06:54)
Trend: Neutral
Influence: -0.13
The news of the INR hitting a three-week high against the US dollar likely reflects positive market movements or economic developments favoring the rupee. Despite the neutral sentiment score, factors such as improved investor sentiment or favorable trade conditions might have contributed to this appreciation.
Rupee Poised for Stability Before Anticipated US Federal Reserve Announcement
September 17, 2024 (04:11)
Trend: Neutral
Influence: -0.06
The news suggests that the rupee is expected to open in a narrow range against the US dollar, indicating a market consensus of stability despite impending economic announcements. This neutral sentiment arises from expectations that the US Federal Reserve's decision is already priced into current exchange rates without significant surprise factors.
INR Strengthens Below 83.90 Against the US Dollar
September 16, 2024 (10:36)
Trend: Bullish
Influence: 0.46
The appreciation of the INR below the 83.90 mark against the US dollar suggests improved investor confidence or positive economic data supporting the currency. The bullish sentiment indicates that market participants may be optimistic about the INR's potential for further gains.
Prospective Fed Rate Cut Could Strengthen Indian Rupee
September 16, 2024 (03:39)
Trend: Neutral
Influence: 0.02
The possibility of a significant Federal Reserve rate cut increases the attractiveness of emerging market currencies like the Indian Rupee. As a result, market expectations lead to a potentially favorable exchange rate position for the INR against the US dollar.
Comprehensive Analysis of News and Events influencing the INRAED 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 Indian Rupee/Arab Dirham 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.
Indian Rupee / Arab Dirham Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct 12 | 0.0439 | 0.0438 | 0.0439 | 0.26 % |
| Oct 13 | 0.0439 | 0.0438 | 0.0439 | 0.23 % |
| Oct 14 | 0.0438 | 0.0437 | 0.0439 | 0.34 % |
| Oct 15 | 0.0439 | 0.0439 | 0.0439 | 0.15 % |
| Oct 16 | 0.0439 | 0.0438 | 0.0440 | 0.34 % |
| Oct 17 | 0.0440 | 0.0439 | 0.0441 | 0.38 % |
| Oct 18 | 0.0440 | 0.0439 | 0.0440 | 0.26 % |
| Oct 19 | 0.0440 | 0.0439 | 0.0441 | 0.30 % |
| Oct 20 | 0.0439 | 0.0438 | 0.0440 | 0.35 % |
| Oct 21 | 0.0439 | 0.0438 | 0.0440 | 0.33 % |
| Oct 22 | 0.0438 | 0.0438 | 0.0439 | 0.17 % |
| Oct 23 | 0.0438 | 0.0437 | 0.0439 | 0.34 % |
| Oct 24 | 0.0438 | 0.0437 | 0.0438 | 0.24 % |
| Oct 25 | 0.0438 | 0.0437 | 0.0439 | 0.34 % |
| Oct 26 | 0.0437 | 0.0436 | 0.0437 | 0.34 % |
| Oct 27 | 0.0437 | 0.0436 | 0.0437 | 0.23 % |
| Oct 28 | 0.0436 | 0.0435 | 0.0437 | 0.41 % |
| Oct 29 | 0.0435 | 0.0434 | 0.0435 | 0.34 % |
| Oct 30 | 0.0435 | 0.0434 | 0.0436 | 0.36 % |
| Oct 31 | 0.0436 | 0.0435 | 0.0437 | 0.36 % |
| Nov 01 | 0.0436 | 0.0435 | 0.0436 | 0.25 % |
| Nov 02 | 0.0435 | 0.0435 | 0.0436 | 0.36 % |
| Nov 03 | 0.0434 | 0.0434 | 0.0435 | 0.26 % |
| Nov 04 | 0.0434 | 0.0433 | 0.0434 | 0.21 % |
| Nov 05 | 0.0433 | 0.0432 | 0.0433 | 0.25 % |
| Nov 06 | 0.0433 | 0.0432 | 0.0434 | 0.26 % |
| Nov 07 | 0.0433 | 0.0432 | 0.0434 | 0.38 % |
| Nov 08 | 0.0433 | 0.0433 | 0.0433 | 0.13 % |
| Nov 09 | 0.0433 | 0.0432 | 0.0433 | 0.26 % |
| Nov 10 | 0.0433 | 0.0432 | 0.0434 | 0.34 % |
Target daily price INR/AED
Target values of the INR/AED currency pair as of 10-12-2024.
Optimistic target level: 0.0439
Pessimistic target level: 0.0438
Target values of the INR/AED currency pair as of 10-13-2024.
Optimistic target level: 0.0439
Pessimistic target level: 0.0438
Target values of the INR/AED currency pair as of 10-14-2024.
Optimistic target level: 0.0439
Pessimistic target level: 0.0437
Target values of the INR/AED currency pair as of 10-15-2024.
Optimistic target level: 0.0439
Pessimistic target level: 0.0439
Target values of the INR/AED currency pair as of 10-16-2024.
Optimistic target level: 0.0440
Pessimistic target level: 0.0438
Indian Rupee / Arab Dirham (INR/AED) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Nov | 0.0435 | 0.0433 | 0.0436 | 0.70 % |
| Dec | 0.0435 | 0.0432 | 0.0437 | 1.25 % |
INR/AED forecast for this year
Forecast of the INR/AED pair for Nov 2024
Forecast of the INR/AED pair for Dec 2024
Indian Rupee / Arab Dirham (INR/AED) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0437 | 0.0434 | 0.0440 | 1.55 % |
| Feb | 0.0436 | 0.0434 | 0.0438 | 0.85 % |
| Mar | 0.0438 | 0.0436 | 0.0439 | 0.68 % |
| Apr | 0.0437 | 0.0433 | 0.0441 | 1.82 % |
| May | 0.0439 | 0.0435 | 0.0441 | 1.51 % |
| Jun | 0.0437 | 0.0434 | 0.0439 | 1.30 % |
| Jul | 0.0434 | 0.0432 | 0.0438 | 1.36 % |
| Aug | 0.0439 | 0.0436 | 0.0442 | 1.27 % |
| Sep | 0.0438 | 0.0435 | 0.0440 | 1.13 % |
| Oct | 0.0442 | 0.0439 | 0.0444 | 1.19 % |
| Nov | 0.0444 | 0.0441 | 0.0448 | 1.50 % |
| Dec | 0.0439 | 0.0436 | 0.0442 | 1.23 % |
Indian Rupee / Arab Dirham (INR/AED) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0436 | 0.0434 | 0.0439 | 1.12 % |
| Feb | 0.0437 | 0.0433 | 0.0440 | 1.56 % |
| Mar | 0.0439 | 0.0437 | 0.0440 | 0.76 % |
| Apr | 0.0437 | 0.0433 | 0.0440 | 1.55 % |
| May | 0.0436 | 0.0434 | 0.0437 | 0.68 % |
| Jun | 0.0438 | 0.0436 | 0.0442 | 1.38 % |
| Jul | 0.0439 | 0.0435 | 0.0442 | 1.59 % |
| Aug | 0.0442 | 0.0438 | 0.0443 | 1.31 % |
| Sep | 0.0441 | 0.0439 | 0.0442 | 0.81 % |
| Oct | 0.0441 | 0.0439 | 0.0445 | 1.33 % |
| Nov | 0.0439 | 0.0438 | 0.0441 | 0.65 % |
| Dec | 0.0439 | 0.0436 | 0.0441 | 1.31 % |