Canadian Dollar vs Indian Rupee Falls Despite Record Foreign Inflows

The Canadian Dollar vs Indian Rupee (CAD/INR) has seen a sustained downtrend, despite India's recent foreign exchange inflows and rupee strength providing a supportive macro backdrop for INR.

According to data, Canada's currency pair with the Indian rupee has fallen due to weak near-term technicals. The current price of CAD/INR is ₹68.2599, a decrease of -0.2375 or 0.35% from yesterday's close.

The recent foreign exchange inflows into India have been significant, reaching a record $136 billion after regulatory changes. This has led to the rupee strengthening against the US dollar, indirectly affecting broader currency pairs such as CAD/INR.