The USD/INR exchange rate demonstrated a consistent upward trajectory from 44.1 INR in 2005 to 87.2 INR in 2025, representing a total change of 43.1 INR and 97.8 percent appreciation over the twenty-year period. The 3.5 percent compound annual growth rate reflects steady depreciation of the Indian rupee against the US dollar throughout this timeframe. While the rate fluctuated between a low of 41.2 INR in 2007 and the current high of 87.2 INR in 2025, the most significant single-year movement occurred between 2011 and 2012. During this period the rate surged from 46.7 INR to 53.4 INR, marking a 14.5 percent increase that stands as the largest single move in the dataset. This combination of gradual long-term appreciation punctuated by notable volatility illustrates the foreign exchange dynamics between these currencies over the past two decades.
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Claight forecast CLAIGHT VIEW
The Claight forecast extends the pair toward its 10-year average of 74.0266 INR using gradual mean reversion (20% per year), a standard baseline for exchange rates that tend to revert toward long-run fair value. Rate paths are volatile and sensitive to interest-rate differentials, inflation and capital flows; this is a baseline, not a point prediction.
Data table
| Year | INR |
|---|---|
| 2005 | 44.1 |
| 2006 | 45.3 |
| 2007 | 41.2 |
| 2008 | 43.4 |
| 2009 | 48.4 |
| 2010 | 45.7 |
| 2011 | 46.7 |
| 2012 | 53.4 |
| 2013 | 58.6 |
| 2014 | 61.0 |
| 2015 | 64.2 |
| 2016 | 67.2 |
| 2017 | 65.1 |
| 2018 | 68.4 |
| 2019 | 70.4 |
| 2020 | 74.1 |
| 2021 | 73.9 |
| 2022 | 78.6 |
| 2023 | 82.6 |
| 2024 | 83.7 |
| 2025 | 87.2 |
Source: European Central Bank (ECB) euro reference rates, accessed 2026-07-04. Licence: Free with attribution. Claight analysis based on this data.