evidence: The Indian rupee was at the 84 per USD level, hovering close to the record low of 83.05 touched on October 4th, pressured by an upturn in foreign currency outflows from Indian financial centers. The announcement of aggressive fiscal and monetary and stimulus from China drove domestic and foreign investors to reallocate their capital towards Chinese markets, selling their rupee-denominated positions and contributing to the historical rallies in Shanghai and Hong Kong equity indices. The foreign currency outflows were magnified by the surge in oil and coal prices during early October after heightened geopolitical tensions in the Middle East increased the risk premiums for energy contracts and made key Indian imports more expensive. Still, the RBI is expected to prolong its terminal rate of 6.5% this week and hold off the start of rate cuts, heeding to upside inflation risks despite the recent slowdown in domestic price growth. The USDINR increased 0.0041 or 0.00% to 83.9681 on Tuesday October 8 from 83.9640 in the previous trading session. Historically, the USDINR reached an all time high of 85.19 in June of 2024. Indian Rupee - data, forecasts, historical chart - was last updated on October 8 of 2024. The USDINR increased 0.0041 or 0.00% to 83.9681 on Tuesday October 8 from 83.9640 in the previous trading session. The Indian Rupee is expected to trade at 84.08 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 84.87 in 12 months time.