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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
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usdinr-rbi
USD/INR · RBI Research
Research grouped under the USD/INR · RBI pillar — consensus, dispersion, and the gap to spot across firms. Every piece links back to the underlying firm reports.
- ·USD/INR·5 min read·+7.58% gap
USD/INR Consensus: Spot at 94.94, Median Target 88.25 — Week of September 1, 2026
USD/INR trades at 94.94, some 7.58% above the 20-firm December-2026 median of 88.25, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+8.16% gap1 reads
USD/INR Consensus Check: Spot at 95.45, Median Target 88.25 — Week of August 31, 2026
USD/INR trades at 95.45, roughly 8.2% above the 20-firm Dec-26 median of 88.25, with a 12.5-point dispersion exposing deep disagreement on RBI tolerance.
usdinr rbiRead → - ·USD/INR·5 min read·+8.06% gap5 reads
USD/INR at 95.36: Consensus Targets 88.25 by Dec-2026
USD/INR trades 8.06% above the 20-firm Dec-2026 consensus of 88.25, with a 12.5-point dispersion separating UBS at 83.5 from Commerzbank at 96.0.
usdinr rbiRead → - ·USD/INR·5 min read·+8.08% gap
USD/INR Consensus Check: Spot at 95.38, Median Target 88.25 — Week of August 30, 2026
USD/INR trades at 95.38, some 8.08% above the 20-firm median Dec-26 target of 88.25, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+8.08% gap1 reads
USD/INR Consensus Check: Spot at 95.38, Week of August 29, 2026
USD/INR trades at 95.38, some 8.08% above the 20-firm Dec-26 consensus of 88.25, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+8.07% gap1 reads
USD/INR Consensus Check: Spot at 95.37, 8% Above Dec-26 Target — Week of August 28, 2026
USD/INR trades at 95.368, roughly 8% above the 20-firm Dec-26 median of 88.25, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+8.20% gap
USD/INR Consensus Check: Spot at 95.49, Median Target 88.25 — Week of August 27, 2026
USD/INR trades at 95.485, some 8.2% above the 20-firm median Dec-26 target of 88.25, leaving consensus firmly bearish on the pair.
usdinr rbiRead → - ·USD/INR·5 min read·+8.10% gap3 reads
USD/INR Consensus Check: Spot at 95.40, Median Target 88.25 — Week of August 26, 2026
USD/INR trades at 95.40, some 8.1% above the 20-firm median Dec-26 target of 88.25, flagging a wide bearish consensus that spot has yet to validate.
usdinr rbiRead → - ·USD/INR·4 min read·+8.11% gap1 reads
USD/INR Consensus Check: Spot at 95.41, Median Target 88.25 — Week of August 25, 2026
USD/INR trades at 95.41, roughly 8.1% above the 20-firm median Dec-26 target of 88.25, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+8.48% gap1 reads
USD/INR Consensus Check: Spot at 95.74, Median Target 88.25 — Week of August 24, 2026
USD/INR trades at 95.735, roughly 8.5% above the 20-firm median Dec-26 target of 88.25, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+8.45% gap1 reads
USD/INR Consensus Check: Spot at 95.71, Median Target 88.25 — Week of August 23, 2026
USD/INR trades at 95.71, some 8.45% above the 20-firm median Dec-26 target of 88.25, with a 12.5-point dispersion signalling deep regime disagreement.
usdinr rbiRead → - ·USD/INR·5 min read·+8.45% gap1 reads
USD/INR Consensus Check: Spot at 95.71, Median Target 88.25 — Week of August 22, 2026
USD/INR trades at 95.71, some 8.45% above the 20-firm Dec-26 median of 88.25, leaving consensus firmly bearish on the pair.
usdinr rbiRead → - ·USD/INR·5 min read·+8.42% gap
USD/INR Consensus Check: Spot at 95.69, Median Target 88.25 — Week of August 21, 2026
USD/INR trades at 95.685, some 8.42% above the 20-firm median Dec-26 target of 88.25, leaving consensus firmly bearish on the pair.
usdinr rbiRead → - ·USD/INR·5 min read·+9.37% gap2 reads
USD/INR Consensus Check: Spot at 95.70, Median Target 87.5 — Week of August 20, 2026
USD/INR trades at 95.695, nearly 9.4% above the 20-firm Dec-2026 median target of 87.5, with a 12.5-point dispersion signalling deep disagreement on RBI's path.
usdinr rbiRead → - ·USD/INR·5 min read·+9.42% gap2 reads
USD/INR Consensus Check: Spot at 95.74, Median Target 87.5 — Week of August 19, 2026
USD/INR trades at 95.74, roughly 9.4% above the 20-firm median Dec-26 target of 87.5, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.34% gap4 reads
USD/INR Consensus Check: Spot at 95.67, Median Target 87.5 — Week of August 18, 2026
USD/INR trades at 95.67, roughly 9.3% above the 20-firm median Dec-26 target of 87.5, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.25% gap2 reads
USD/INR Consensus Check: Spot at 95.59, Median Target 87.5 — Week of Aug 17, 2026
USD/INR trades at 95.59, roughly 9.25% above the 20-firm Dec-26 median of 87.5, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.06% gap1 reads
USD/INR Consensus Check: Spot at 95.43, Median Target 87.5 — Week of August 15, 2026
USD/INR trades at 95.43, roughly 9% above the 20-firm median Dec-26 target of 87.5, with a 12.5-point dispersion exposing deep regime disagreement.
usdinr rbiRead → - ·USD/INR·5 min read·+9.56% gap2 reads
USD/INR Consensus Check: Spot at 95.32, 9.6% Above Dec-26 Median (Aug 12, 2026)
USD/INR trades at 95.32 against a 19-firm Dec-26 median of 87.0, a 9.56% gap that reflects deep disagreement on RBI intervention and rupee trajectory.
usdinr rbiRead → - ·USD/INR·5 min read·+9.68% gap2 reads
USD/INR Consensus Check: Spot at 95.43, 9.7% Above Dec-26 Target — Week of August 11, 2026
USD/INR trades at 95.425, nearly 9.7% above the 19-firm median Dec-26 target of 87.0, signalling broad sell-side conviction that the rupee recovers.
usdinr rbiRead → - ·USD/INR·5 min read·+9.53% gap2 reads
USD/INR Consensus Check: Spot at 95.29, Median Target 87.0 — Week of August 10, 2026
USD/INR trades at 95.29, roughly 9.5% above the 19-firm median Dec-26 target of 87.0, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.43% gap1 reads
USD/INR Consensus Check: Spot at 95.2, Median Target 87.0 — Week of August 9, 2026
USD/INR spot at 95.2 sits 9.43% above the 19-firm median Dec-26 target of 87.0, with a 12.5-point dispersion range signalling deep disagreement on the rupee path.
usdinr rbiRead → - ·USD/INR·5 min read·+9.43% gap1 reads
USD/INR Consensus Check: Spot at 95.2, Median Target 87.0 — Week of August 8, 2026
USD/INR trades at 95.2, roughly 9.4% above the 19-firm median Dec-26 target of 87.0, with a 12.5-point dispersion signalling deep disagreement on the pace of rupee recovery.
usdinr rbiRead → - ·USD/INR·5 min read·+9.43% gap1 reads
USD/INR Consensus Check: Spot at 95.2, Median Target 87.0 — Week of August 7, 2026
USD/INR trades at 95.2, roughly 9.4% above the 19-firm median Dec-26 target of 87.0, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.42% gap
USD/INR Consensus Check: Spot at 95.19, Median Target 87.0 — Week of August 6, 2026
USD/INR trades at 95.19, roughly 9.4% above the 19-firm median Dec-26 target of 87.0, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.57% gap
USD/INR Consensus Check: Spot at 95.33, Median Target 87.0 — Week of August 3, 2026
USD/INR trades at 95.33, roughly 9.6% above the 19-firm median Dec-26 target of 87.0, signalling broad sell-side conviction for rupee appreciation.
usdinr rbiRead → - ·USD/INR·5 min read·+9.96% gap
USD/INR Consensus Check: Spot at 95.39, Week of August 2, 2026
USD/INR trades at 95.39, nearly 10% above the 18-firm Dec-26 consensus of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+9.96% gap
USD/INR Consensus Check: Spot at 95.39, Median Target 86.75 — Week of August 1, 2026
USD/INR trades at 95.39, nearly 10% above the 18-firm median Dec-26 target of 86.75, with a 12.5-point dispersion signalling deep disagreement on the rupee path.
usdinr rbiRead → - ·USD/INR·5 min read·+9.95% gap1 reads
USD/INR Consensus Check: Spot at 95.38, Week of July 31, 2026
USD/INR trades at 95.38, nearly 10% above the 18-firm Dec-26 consensus of 86.75, with a 12.5-point spread signalling deep disagreement on the rupee's path.
usdinr rbiRead → - ·USD/INR·5 min read·+10.24% gap
USD/INR Consensus Check: Spot at 85.637, Median Target 86.75 — Week of July 29, 2026
USD/INR spot at 85.637 sits 10.24% above the 18-firm Dec-26 median of 86.75, with a 12.5-point dispersion signalling deep regime disagreement.
usdinr rbiRead → - ·USD/INR·5 min read·+10.48% gap
USD/INR Consensus Check: Spot at 85.842, Median Target 86.75 — Week of July 28, 2026
USD/INR trades at 95.842, roughly 10.5% above the 18-firm median Dec-26 target of 86.75, leaving consensus firmly bearish on the pair.
usdinr rbiRead → - ·USD/INR·5 min read·+10.55% gap1 reads
USD/INR Consensus Check: Spot at 85.9, Median Target 86.75 — Week of July 27, 2026
USD/INR trades at 95.9, roughly 10.55% above the 18-firm median Dec-26 target of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+11.27% gap1 reads
USD/INR Week of July 24, 2026: Spot at 96.53, Consensus at 86.75
USD/INR trades at 96.525, some 11.27% above the 18-firm Dec-26 consensus of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+11.29% gap
USD/INR Consensus Check: Spot at 96.54, Median Target 86.75 — Week of July 23, 2026
USD/INR trades at 96.54, roughly 11.3% above the 18-firm median Dec-26 target of 86.75, with a 12.5-point dispersion signalling deep regime disagreement.
usdinr rbiRead → - ·USD/INR·5 min read·+11.30% gap1 reads
USD/INR Consensus Check: Spot at 96.56, Targets Cluster Near 86.75 — Week of July 22, 2026
USD/INR trades at 96.56, roughly 11.3% above the 18-firm Dec-2026 consensus of 86.75, signalling broad Street conviction for INR recovery that spot has yet to validate.
usdinr rbiRead → - ·USD/INR·5 min read·+10.93% gap
USD/INR Consensus Check: Spot at 96.24, Median Target 86.75 — Week of July 21, 2026
USD/INR trades at 96.235, roughly 10.93% above the 18-firm median Dec-26 target of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+11.16% gap
USD/INR Consensus Check: Spot at 96.44, Targets Cluster Near 86.75 — Week of July 20, 2026
USD/INR trades at 96.435, sitting 11.16% above the 18-firm median Dec-2026 target of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+10.97% gap
USD/INR Consensus Check: Spot at 96.27, Week of July 19, 2026
USD/INR trades at 96.27, nearly 11% above the 18-firm median Dec-26 target of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+10.99% gap
USD/INR Consensus Check: Spot at 96.28, Targets at 86.75 — Week of July 18, 2026
USD/INR trades at 96.28, nearly 11% above the 18-firm median Dec-26 target of 86.75, with a 12.5-point spread separating the most and least bearish desks.
usdinr rbiRead → - ·USD/INR·5 min read·+10.96% gap
USD/INR Consensus Check: Spot at 96.26, Targets Cluster Near 86.75 — Week of July 15, 2026
USD/INR trades at 96.26, roughly 11% above the 18-firm median Dec-2026 target of 86.75, leaving consensus firmly bearish on the pair.
usdinr rbiRead →