Canadian Dollar to Indian Rupee Exchange Rate, Latest CAD to INR Buying & Selling Prices
The Canadian Dollar (CAD) to Indian Rupee (INR) exchange rate stands at INR 62.89 in the interbank market today, up 0.70% from yesterday’s INR 62.45, per XE.com. In the open market, the buying rate is INR 62.50, and the selling rate is INR 63.20, according to Book My Forex. The CAD’s strength is driven by stable Canadian economic indicators and India’s import demand, amid global oil price rises (OPEC basket at USD 69.15/barrel).
| Category | Details |
|---|---|
| Interbank Rate | INR 62.89 per CAD |
| Open Market Buying Rate | INR 62.50 |
| Open Market Selling Rate | INR 63.20 |
| Weekly High (June 30) | INR 63.41 |
| Weekly Low (June 25) | INR 61.67 |
| Change Since Yesterday | +0.70% (INR 62.89 vs. INR 62.45) |
Why It Matters
- Remittances: Converting 500 CAD yields INR 31,445 (open market), supporting Indian families with overseas workers.
- Travel/Study: Higher CAD rates increase costs for Indian students or tourists in Canada; 1,000 CAD costs INR 63,200 at selling rates.
- Trade: India’s imports from Canada (e.g., energy, pulses) face higher costs, impacting local prices.
Recent Trends
- Weekly Movement: The CAD/INR rate hit INR 63.41 on June 30 and INR 61.67 on June 25, with a 30-day average of INR 62.71.
- Yearly Context: From INR 59.20 (July 2024), the CAD rose 6.2%, reflecting India’s 2.5% INR depreciation.
- Influences: Canada’s stable economy and India’s import reliance drive the rate, per RBI and Bank of Canada data.
