# USD To INR Forecast: Citi Retains 98 Rupee-Dollar View As Inflows Fade

> Citi keeps its forecast of USD/INR reaching 98 over six to 12 months, even as the rupee gained to around 94.67. The bank cut its FY27 balance-of-payments surplus forecast to $50 billion from $94 billion as temporary inflows from swap-driven deposits fade.

- Date: 2026-11-03 · published 2026-11-03T12:09:52.778Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/77560-usd-to-inr-forecast-citi-retains-98-rupee-dollar-view-as-inflows-fade
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A shrinking external surplus and fading inflows point to renewed rupee weakness in the second half of the fiscal year, raising the dollar cost of India's imports, including feed ingredients. The forecast implies a weaker rupee and higher import costs over the next year.

## Read by commodity

- USDINR: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47657/2026-11-03-usd-to-inr-forecast-citi-retains-98-rupee-dollar-view-as-inflows-fade.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.