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Indian Rupee to Danish Krone (INR/DKK) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 13, 2024 (7:58)
Reverse forecast: DKK to INR
Indian Rupee / Danish Krone price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Indian Rupee (INR) to Danish Krone (DKK) | 8 | 8 | 8 | |
| 200 Indian Rupee (INR) to Danish Krone (DKK) | 16 | 16 | 16 | |
| 500 Indian Rupee (INR) to Danish Krone (DKK) | 39.9 | 40.1 | 39.9 | |
| 1000 Indian Rupee (INR) to Danish Krone (DKK) | 79.9 | 80.2 | 79.8 | |
| 3000 Indian Rupee (INR) to Danish Krone (DKK) | 239.6 | 240.5 | 239.5 |
How much will the INR/DKK currency pair cost in 2024, 2025 and 2026? What is the forecast for the INR/DKK currency pair? What is the target price of the Indian Rupee / Danish Krone 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 Danish Krone?
Identifying the trend of the INR/DKK currency pair
The Indian Rupee (INR) is currently facing mixed influences in the foreign exchange market. The recent slowdown in the US economy has heightened risk aversion, potentially exerting downward pressure on the INR, despite interventions by the Reserve Bank of India (RBI) to stabilize the currency.
In the interim, the INR has shown instances of slight appreciation, as evidenced by its movement against the US dollar. This is primarily due to the global weakening of the dollar and a drop in crude oil prices, providing temporary relief. However, caution prevails among investors due to impending US jobs data, as reflected in the neutral sentiment scores.
Nevertheless, the INR continues to tread close to the critical 84 mark against the dollar. The anticipated RBI support is predicted to prevent a runaway depreciation, although minor dips below this threshold could occur. Investors should be prepared for continued volatility in the INR, with expectations anchored by potential intervention measures from the RBI.
Historical and forecast chart of the Indian Rupee/Danish Krone currency pair
The chart below shows the historical quotes of the INR/DKK 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/Danish Krone rate can be found in the table below.
Long-term forecasts by years.
INR Trend Prediction
As of now, Panda has analyzed 13 news pieces concerning the INR currency. The average relevance score for these news items is 0.25 (with the closer to 1 being more relevant).
The overall news trend for the INR currency is Neutral
with a coefficient of -0.07
(the closer to 1, the stronger its impact on the trend).
(the closer to 1, the stronger its impact on the trend).
Rupee Holds Steady with Anticipated RBI Intervention; Asian Currency Performance Mixed
September 9, 2024 (05:35)
Trend: Neutral
Influence: 0.03
The INR remains stable due to anticipations that the Reserve Bank of India will continue interventions to prevent excessive weakening, despite potential dips below the 84 threshold. This belief is reflected in the neutral sentiment score, indicating confidence that runaway depreciation is unlikely.
Impact of US Slowdown: Rupee Faces Downward Pressure Amid Risk Aversion and Fed Uncertainty
September 9, 2024 (03:15)
Trend: Neutral
Influence: -0.07
The news highlights increased risk aversion and ongoing Federal Reserve uncertainties as contributing factors to potential pressure on the INR, suggesting downward movement in its exchange rate. These conditions have prompted the Reserve Bank of India to possibly intervene to stabilize the currency.
Rupee Closes Slightly Higher as US Dollar Weakens Globally
September 6, 2024 (11:49)
Trend: Neutral
Influence: -0.07
The INR's slight appreciation against the US dollar is attributed to the weakening of the greenback in overseas markets. Despite the positive movement, the neutral ticker sentiment score suggests that market participants remain cautious due to impending US jobs data.
Rupee Approaches Historic Low of 84 Against the Dollar
September 5, 2024 (15:04)
Trend: Neutral
Influence: -0.03
The INR is experiencing a slight decline, as indicated by its movement closer to the 84 mark against the dollar. This downturn could be influenced by economic factors creating uncertainty, leading to a mildly negative sentiment in the currency's exchange rate.
INR Gains Slightly as US Dollar Weakens Globally
September 5, 2024 (11:57)
Trend: Neutral
Influence: -0.15
The Indian rupee's slight appreciation against the US dollar can be attributed to the weakening of the American currency in international markets, as noted in the summary. Additionally, the drop in crude oil prices likely provided further support to the INR, despite the largely neutral sentiment reflected in the ticker sentiment score.
INR Experiences Gains Following Dip Below 84 Against US Dollar
September 5, 2024 (06:27)
Trend: Neutral
Influence: 0.06
The recent slight appreciation of the INR after its dip against the US dollar indicates a neutral market sentiment. This movement suggests that while the INR initially faced devaluation pressures, market factors or interventions may have bolstered its recovery slightly.
Rupee Appreciates by 4 Paise to 83.97 Against US Dollar in Early Trade
September 5, 2024 (05:23)
Trend: Neutral
Influence: -0.06
The appreciation of the rupee is attributed to a combination of the weakening US dollar in international markets, positive domestic equity trends, reduced crude oil prices, and increased foreign fund inflows. Although the overall sentiment towards INR is marked as neutral, these factors have created a short-term positive impetus for the rupee's value against the dollar.
Rupee Finds Strength in Anticipation of Fed Rate Cut and Steadfast RBI Policy
September 5, 2024 (04:33)
Trend: Neutral
Influence: 0.11
Expectations of a significant US Federal Reserve rate cut potentially make the US dollar less attractive, which provides marginal support for the rupee against the dollar. Meanwhile, a firm stance by the Reserve Bank of India can further bolster confidence in the Indian currency, leading to a stable or slightly higher open as suggested by the non-deliverable forward market.
Rupee Near Record Low as RBI Steps In to Keep Exchange Rate Steady
September 4, 2024 (13:48)
Trend: Neutral
Influence: 0.03
The INR remains under pressure, nearing its record low due to ongoing economic concerns impacting its strength. However, the Reserve Bank of India's intervention strategies are helping to stabilize the currency and prevent it from depreciating further, as reflected in the neutral sentiment score.
Rupee Hits Record Low Due to Global Factors with RBI Intervention
September 4, 2024 (12:12)
Trend: Neutral
Influence: 0
The Indian Rupee is facing downward pressure due to unfavorable global market signals, prompting the Reserve Bank of India to frequently intervene in the forex market. Despite the RBI's actions, the sentiment around the Rupee remains neutral, indicating balanced forces affecting its exchange rate.
INR Falls Past 84/$ Threshold Due to Declining Equities
September 4, 2024 (11:44)
Trend: Somewhat-Bearish
Influence: -0.18
The news of the INR's decline is linked to the combined effects of a significant drop in domestic equity markets and a general aversion to riskier assets by investors. This bearish sentiment is reflected in the negative sentiment score, indicating that the overall demand for the currency has diminished.
INR Stabilizes Close to 84 Against the Dollar
September 4, 2024 (06:45)
Trend: Bearish
Influence: -0.67
The INR's movement close to 84 per US dollar suggests bearish sentiment in the forex market, likely due to factors such as a strong dollar or weaknesses in the Indian economy. The negative sentiment score indicates a lack of confidence which may lead to further depreciation of the INR if current trends continue.
INR Weakens as USD Strengthens Amid Global Trends
September 3, 2024 (12:02)
Trend: Neutral
Influence: 0.02
The weakening of the Indian rupee is attributed to the strengthening of the US dollar, which is gaining ground against major global currencies due to rising interest rates. Additionally, domestic factors such as a sluggish stock market trend are contributing to the slight decline in the rupee's value.
Comprehensive Analysis of News and Events influencing the INRDKK 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/Danish Krone 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 / Danish Krone Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 15 | 0.0799 | 0.0797 | 0.0802 | 0.60 % |
| Sep 16 | 0.0800 | 0.0796 | 0.0801 | 0.67 % |
| Sep 17 | 0.0801 | 0.0797 | 0.0804 | 0.88 % |
| Sep 18 | 0.0805 | 0.0802 | 0.0809 | 0.83 % |
| Sep 19 | 0.0802 | 0.0798 | 0.0804 | 0.73 % |
| Sep 20 | 0.0802 | 0.0799 | 0.0803 | 0.52 % |
| Sep 21 | 0.0802 | 0.0800 | 0.0805 | 0.66 % |
| Sep 22 | 0.0802 | 0.0801 | 0.0803 | 0.32 % |
| Sep 23 | 0.0800 | 0.0797 | 0.0803 | 0.75 % |
| Sep 24 | 0.0801 | 0.0798 | 0.0805 | 0.83 % |
| Sep 25 | 0.0805 | 0.0801 | 0.0808 | 0.90 % |
| Sep 26 | 0.0801 | 0.0800 | 0.0803 | 0.46 % |
| Sep 27 | 0.0802 | 0.0800 | 0.0804 | 0.43 % |
| Sep 28 | 0.0798 | 0.0797 | 0.0802 | 0.63 % |
| Sep 29 | 0.0796 | 0.0795 | 0.0798 | 0.30 % |
| Sep 30 | 0.0793 | 0.0792 | 0.0795 | 0.39 % |
| Oct 01 | 0.0791 | 0.0790 | 0.0793 | 0.41 % |
| Oct 02 | 0.0792 | 0.0790 | 0.0795 | 0.65 % |
| Oct 03 | 0.0796 | 0.0795 | 0.0800 | 0.56 % |
| Oct 04 | 0.0801 | 0.0799 | 0.0802 | 0.41 % |
| Oct 05 | 0.0799 | 0.0796 | 0.0800 | 0.52 % |
| Oct 06 | 0.0800 | 0.0799 | 0.0802 | 0.38 % |
| Oct 07 | 0.0798 | 0.0796 | 0.0801 | 0.70 % |
| Oct 08 | 0.0796 | 0.0794 | 0.0799 | 0.66 % |
| Oct 09 | 0.0796 | 0.0793 | 0.0797 | 0.53 % |
| Oct 10 | 0.0795 | 0.0792 | 0.0797 | 0.72 % |
| Oct 11 | 0.0797 | 0.0794 | 0.0799 | 0.54 % |
| Oct 12 | 0.0799 | 0.0798 | 0.0801 | 0.35 % |
| Oct 13 | 0.0801 | 0.0798 | 0.0804 | 0.81 % |
| Oct 14 | 0.0798 | 0.0796 | 0.0801 | 0.60 % |
Target daily price INR/DKK
Target values of the INR/DKK currency pair as of 09-15-2024.
Optimistic target level: 0.0802
Pessimistic target level: 0.0797
Target values of the INR/DKK currency pair as of 09-16-2024.
Optimistic target level: 0.0801
Pessimistic target level: 0.0796
Target values of the INR/DKK currency pair as of 09-17-2024.
Optimistic target level: 0.0804
Pessimistic target level: 0.0797
Target values of the INR/DKK currency pair as of 09-18-2024.
Optimistic target level: 0.0809
Pessimistic target level: 0.0802
Target values of the INR/DKK currency pair as of 09-19-2024.
Optimistic target level: 0.0804
Pessimistic target level: 0.0798
Indian Rupee / Danish Krone (INR/DKK) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.0786 | 0.0773 | 0.0799 | 3.25 % |
| Nov | 0.0777 | 0.0760 | 0.0797 | 4.65 % |
| Dec | 0.0786 | 0.0772 | 0.0801 | 3.66 % |
INR/DKK forecast for this year
Forecast of the INR/DKK pair for Oct 2024
Forecast of the INR/DKK pair for Nov 2024
Forecast of the INR/DKK pair for Dec 2024
Indian Rupee / Danish Krone (INR/DKK) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0793 | 0.0779 | 0.0802 | 2.79 % |
| Feb | 0.0808 | 0.0802 | 0.0816 | 1.70 % |
| Mar | 0.0806 | 0.0790 | 0.0820 | 3.68 % |
| Apr | 0.0783 | 0.0765 | 0.0790 | 3.29 % |
| May | 0.0774 | 0.0764 | 0.0790 | 3.35 % |
| Jun | 0.0762 | 0.0752 | 0.0772 | 2.61 % |
| Jul | 0.0774 | 0.0768 | 0.0795 | 3.34 % |
| Aug | 0.0777 | 0.0765 | 0.0792 | 3.47 % |
| Sep | 0.0778 | 0.0771 | 0.0793 | 2.84 % |
| Oct | 0.0765 | 0.0748 | 0.0783 | 4.49 % |
| Nov | 0.0742 | 0.0730 | 0.0750 | 2.69 % |
| Dec | 0.0751 | 0.0742 | 0.0756 | 1.83 % |
Indian Rupee / Danish Krone (INR/DKK) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0745 | 0.0731 | 0.0752 | 2.82 % |
| Feb | 0.0744 | 0.0727 | 0.0755 | 3.80 % |
| Mar | 0.0729 | 0.0711 | 0.0735 | 3.22 % |
| Apr | 0.0708 | 0.0692 | 0.0715 | 3.16 % |
| May | 0.0717 | 0.0712 | 0.0734 | 2.92 % |
| Jun | 0.0706 | 0.0689 | 0.0720 | 4.41 % |
| Jul | 0.0708 | 0.0698 | 0.0715 | 2.37 % |
| Aug | 0.0732 | 0.0718 | 0.0739 | 2.88 % |
| Sep | 0.0732 | 0.0713 | 0.0744 | 4.15 % |
| Oct | 0.0740 | 0.0733 | 0.0756 | 3.07 % |
| Nov | 0.0749 | 0.0740 | 0.0769 | 3.75 % |
| Dec | 0.0726 | 0.0715 | 0.0743 | 3.80 % |