Current Forecast of Indian Rupee to US Dollar
Units: INR per USD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Indian Rupee to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The Indian Rupee
The Indian rupee, or rupee or inr, is the official currency of the Republic of India and its issuance is controlled by the Reserve Bank of India. The rupee is the 20th most traded currency in the world.