Like any other financial instrument, the EURINR currency pair is sensitive to various fundamental factors, so it is sometimes difficult to predict its evolution. To make a reliable forecast for EURINR, one must thoroughly analyze macroeconomic, geopolitical, and statistical data that affect the value of this currency pair.

In this regard, many traders and investors wonder how the EURINR rate will change.

This forecast aims to decode the patterns and tendencies of this exchange rate, considering various influencing factors such as economic policies, trade relations, and regional stability. As readers embark on this exploration, they can anticipate a detailed and insightful analysis that answers this pivotal question and provides a comprehensive outlook on the future trajectory of the EURINR exchange rate, considering all possible risks surrounding this currency pair.

The article covers the following subjects:

Highlights and Key Points: EUR to INR Forecast for 2024–2030

• Most analysts predict that the European currency will strengthen against the Indian rupee by the end of 2024, reaching the value of ₹96.3300-₹97.3000. Some experts expect the pair to trade in the range of ₹93.2950-₹93.8451. According to more pessimistic forecasts, EURINR quotes may fall to ₹90.5000-₹91.8763.

• For 2025, many experts project the price to continue to rise in the global upward range to ₹94.5560-₹96.6300 by the end of the year. According to the most optimistic expectations, the rate may reach ₹115.0100-₹135.0100. More conservative estimates suggest the EURINR price will vary from ₹90.0774 to ₹95.5453 by the end of 2025.

• Most experts predict a bullish trend throughout 2026, up to ₹95.8090-₹102.3600 by the end of December. Some experts say the price may reach ₹117.6100-₹148.8500. More conservative forecasts project the EURINR pair to trade in the range of ₹87.4700-₹103.5000.

• In 2027-2030, the EURINR rate may grow to ₹97.8300-₹99.5510. Based on the most optimistic forecasts, quotes may reach the area of ​​₹115.7200-₹171.4700.

EUR INR Price Today Coming Days and Week

When forecasting the EUR/INR exchange rate in the near term, focus on key factors. Monitor economic indicators from the eurozone and India, such as GDP growth, inflation rates, and employment data, as these influence currency strength. Pay attention to central bank policies, particularly the European Central Bank and the Reserve Bank of India, as interest rate decisions and monetary policy changes affect exchange rates. Stay updated on geopolitical events and trade relations between Europe and India, which can affect investor sentiment. Additionally, consider broader market trends and global economic conditions, as they significantly influence currency fluctuations.

Analysts’ EUR INR Projections for 2024

Let’s take a look at EURINR’s expert forecasts for 2024. Most analysts do not expect the quotes to rise fast.

Predict-Price

Price range for 2024: ₹ 90.5000 – ₹ 121.1800 (estimated as of 30.09.2024).

According to Predict-Price, the rate will continue growing until the end of the year with a probability of 59.56%, potentially reaching ₹121.1800. If a bearish trend comes into play, the pair may decline to ₹90.5000.

Trading Economics

Price range for 2024: ₹91.8763 – ₹92.4555 (estimated as of 30.09.2024).

Based on Trading Economics‘ estimates and global macro models, the asset’s quotes will climb to ₹91.8763 by year-end.

ExchangeRates

Price range for 2024: ₹87.4027 – ₹93.4808 (estimated as of 30.09.2024). 

Analysts at ExchangeRates expect EURINR to trade between ₹87.4027 and ₹93.4808 in the next three months, the average price hitting ₹90.9969.

Month	Average price, ₹	Low, ₹	High, ₹
October	93.4696	93.3923	93.4808
	92.6272	91.3519	92.8132
November	92.5185	91.0886	92.7270
	91.8664	89.5089	92.2101
December	91.7577	89.2457	92.1240
	90.9969	87.4027	91.5209

Coincodex

Price range for 2024: ₹93.3900 – ₹100.8900 (estimated as of 30.09.2024).

Experts at Coincodex expect the price to range from ₹93.3900 to ₹100.8900.

Year	Average price, ₹	Tod/End
2024	97.3000	4.55%

Gov Capital

Price range for 2024: ₹91.4400 – ₹99.9400 (estimated as of 30.09.2024).

Analysts at Gov Capital also project price growth to ₹96.3300 by the end of 2024. The minimum and the maximum values will reach ₹91.4400 and ₹99.9400, respectively.

Date	Average price, ₹	Lowest possible price, ₹	Highest possible price, ₹
01.10.2024	94.2700	91.4400	97.1000
31.10.2024	96.3000	93.4100	99.1900
01.11.2024	96.7700	93.8700	99.6700
30.11.2024	97.0300	94.1200	99.9400
01.12.2024	96.9100	94.0000	99.8100
31.12.2024	96.3300	93.4400	99.2200

Longforecast

Price range for 2024: ₹91.5900 – ₹98.1100 (estimated as of 30.09.2024).

Based on Longforecast‘s expectations, EURINR quotes may grow to ₹96.6600 by the end of 2024. The maximum value will presumably equal ₹98.1100.

Month	Opening price, ₹	Low/ High, ₹	Closing price, ₹	Tod/End
October	93.4000	91.5900-95.8100	93.3800	0.8%
November	93.3800	93.3800-96.9200	95.4900	3.0%
December	95.4900	95.2100-98.1100	96.6600	4.3%

Walletinvestor

Price range for 2024: ₹92.8500 – ₹93.5750 (estimated as of 30.09.2024).

Analysts at Walletinvestor project the price to fluctuate between ₹92.8500 and ₹93.5750 in the next three months and hit ₹93.2950 in December.

Month	Opening price, ₹	Closing price, ₹	Minimum price, ₹	Maximum price, ₹	Tod/End
November	92.9520	93.1560	92.8500	93.1560	0.22 %
December	93.1450	93.2950	93.1450	93.5750	0.16 %

Panda Forecast

Price range for 2024: ₹93.0568 – ₹95.7734 (estimated as of 30.09.2024).

Based on Panda Forecast‘s estimates, the EURINR pair will trade between ₹93.0568 and ₹95.7734 up to the end of 2024.

The average price in December is projected to reach ₹93.8451.

Month	Average price, ₹	Minimum, ₹	Maximum, ₹
October	94.4418	93.1952	95.7734
November	94.6401	93.5896	95.5487
December	93.8451	93.0568	95.3091

EURINR Technical Analysis

To predict EURINR’s future trends, we will analyze the price chart on H4, D1, W1, and MN time frames. We will use MACD, RSI, MA Cross, and tick volumes for more accurate analysis.

Combining these technical tools will help determine the current trend and its strength. The indicators also help determine overbought and oversold zones for an asset to spot optimal entry and exit points.

It’s also recommended that candlestick and chart pattern analysis be conducted. Candlestick and large chart patterns will help determine liquid support and resistance levels and, therefore, more profitable entry points.

The most popular chart patterns include Engulfing, such reversal patterns as Hammer and Hanging man, star pattern varieties (Evening, Morning, Shooting stars), Head and Shoulders, and others.

First, we’ll analyze the one-month chart to determine the market’s current state.

The EURINR quotes have been in the upward range for a long time. The price has successfully broken and consolidated above the key resistance level of ₹89.4108.

Note the three white soldiers pattern formed in the range of ₹79.8201-₹89.4108, warning market participants of a continued bullish rally in the asset.

Simple moving averages MA-50 and MA-200 are below the market price at ₹87.3302 and ₹76.2488, respectively. These are dynamic support levels. The MACD values ​​have broken through the zero border upwards and continue to grow actively in the positive zone, a signal to open long positions.

This preliminary analysis of the monthly chart shows that EURINR is in an upward range, with the price holding near the key resistance level of ₹93.9101, which it may break soon.

The EURINR rate will likely continue to grow to a new high of ₹97.9950 until the end of 2024.

EURINR Forecast For Next Three Months

To determine the short-term trend for EURINR in the next few months, we must conduct a technical analysis of the H4 and D1 charts.

On the four-hour chart, we can see a large symmetrical triangle that the price can break both up and down.

The values ​​of the MACD indicator steadily increase in the positive zone, giving a buy signal.

The values ​​of the RSI indicator are located at 54 in a bullish trend, suggesting potential for further growth. 

In case of a breakout of the upper or lower border of the symmetrical triangle, potential targets will be located at ₹95.2105 and ₹91.4814, respectively.

The daily chart of EURINR provides a clearer image of the symmetrical triangle pattern, within which bearish reversal patterns – a dark cloud and a series of bearish harami – are forming.

Also, pay attention to the doji pattern, which indicates market uncertainty and gives a bearish signal on tops.

However, the MACD indicator values ​​gradually increase in the negative zone to the zero border, making the bears wary.

The RSI values ​​are held above 50, which characterizes the bullish trend. 

Currently, the forces of the bulls and bears are approximately equal. So, to make more informed trading decisions in the next three months, it is necessary to receive additional signals, such as a breakout of the symmetrical triangle.

If the price breaks through the pattern’s upper border and consolidates above the key resistance of ₹93.9101, expect further growth to ₹95.2105-₹97.9950 in the coming months.

If the pair’s quotes break the lower boundary of the triangle and consolidate below the support of ₹92.4759 amid increased volumes, a bearish reversal will occur with targets of around ​​₹91.4814-₹89.4108.

Long-Term EURINR Analysis for 2024–2025

We need to analyze the weekly time frame to determine the medium-term prospects of the EURINR rate.

After the price reached a new historical maximum of ₹93.9160, the hanging man reversal pattern started forming. This pattern indicates that the asset has reached a high-price area, signaling a potential downward price reversal.

Despite this, the quotes continue to move within the ascending channel, as suggested by the golden cross pattern, whose lines are widening.

The MACD indicator gradually declines in the positive zone, signaling the weakening bullish momentum.

In case of price consolidation above the resistance of ₹93.9101, expect the uptrend to continue to ₹95.2105-₹97.9950 in the next 12 months.

An alternative scenario will play out if the bears break the key support level of ₹92.4759, driving market participants to open short positions with targets at around ​​₹91.4814-₹84.7930.

Month	EURINR projected values
	Minimum, ₹	Maximum, ₹
October 2024	93.1187	94.1869
November 2024	92.6891	93.4786
December 2024	92.0156	93.0490
January 2025	91.4118	92.3988
February 2025	91.6092	92.5730
March 2025	90.8429	91.9576
April 2025	90.7152	91.3886
May 2025	91.2144	92.3407
June 2025	91.3178	92.4452
July 2025	90.2159	91.4002
August 2025	89.6353	90.4249
September 2025	89.3566	90.7384

EURINR Long-Term Trading Plan

Indicators and candlestick patterns do not provide clear signals for opening short or long positions. However, the asset is within a large ascending channel and has the potential for further growth in the next 12 months.

The technical analysis of the EURINR pair allowed us to identify key support and resistance levels that can be used in your trading strategy.

Trading Strategy for the next three months

• The EURINR quotes are currently in a large symmetrical triangle, which they can exit both up and down. Potential buy and sell targets for the pattern in case of a breakout are located at ₹95.2105 and ₹91.4814, respectively.

• Note the formation of bearish patterns, such as a dark cloud, bearish harami, and doji, near the all-time high. They signal an eventual trend reversal.

• Consider long positions above ₹93.9101 with targets around ₹95.2105-₹97.9950.

• Short positions could be opened below ₹92.4759 with targets at around ₹91.4814-₹89.4108.

• The key support levels: ₹92.4759, ₹91.4814, ₹90.3213, ₹89.4108.

• The key resistance levels: ₹93.9101, ₹95.2105, ₹96.3983, ₹97.9950.

One-year trading plan

• EURINR’s weekly time frame shows the Hanging Man reversal pattern forming at around ₹92.4759, which indicates weakening bullish momentum. Indicators give mixed signals about the further dynamics of the EURINR rate.

• For the bullish momentum to resume, the price must break resistance of ₹93.9101 amid increased volumes to head for new historical highs of ₹95.2105-₹97.9950. However, such a scenario is questionable due to the Hanging man pattern.

• The key support levels: ₹92.4759, ₹91.4814, ₹90.3213, ₹89.4108, ₹88.5120, ₹87.3932, ₹86.3159, ₹84.7930.

• The key resistance levels: ₹93.9101, ₹95.2105, ₹96.3983, ₹97.9950.

Analysts’ EUR INR Projections for 2025

What will the EURINR rate be in 2025? Let’s explore expert forecasts. Most analysts expect the pair to grow.

Gov Capital

Price range for 2025: ₹93.6700 – ₹119.5300 (estimated as of 30.09.2024).

Analysts at Gov Capital provide a positive outlook for the EURINR rate in 2025. The average price may climb to ₹109.0700 by the end of the first six months. In the second half of the year, a bullish rally is expected to continue, with the price reaching ₹118.4600 by year-end.

Date	Average price, ₹	Lowest possible price, ₹	Highest possible price, ₹
01.01.2025	96.5700	93.6700	99.4700
31.01.2025	100.3100	97.3000	103.3200
01.02.2025	99.6400	96.6500	102.6200
28.02.2025	102.8700	99.7900	105.9600
01.03.2025	102.1500	99.0900	105.2200
31.03.2025	107.6700	104.4400	110.9000
01.04.2025	107.6600	104.4300	110.8900
30.04.2025	108.5400	105.2800	111.8000
01.05.2025	109.1500	105.8700	112.4200
31.05.2025	109.9700	106.6700	113.2700
01.06.2025	109.3600	106.0800	112.6400
30.06.2025	109.0700	105.8000	112.3400
01.07.2025	108.9900	105.7200	112.2600
31.07.2025	112.6500	109.2700	116.0300
01.08.2025	112.5000	109.1200	115.8700
31.08.2025	114.7800	111.3300	118.2200
01.09.2025	114.6700	111.2300	118.1100
30.09.2025	113.3100	109.9100	116.7100
01.10.2025	113.0700	109.6800	116.4700
31.10.2025	112.7300	109.3500	116.1200
01.11.2025	114.1200	110.6900	117.5400
30.11.2025	116.0500	112.5700	119.5300
01.12.2025	115.7100	112.2400	119.1800
31.12.2025	115.0100	111.5600	118.4600

Predict-Price

Price range for 2025: ₹89.0000 – ₹135.0100 (estimated as of 30.09.2024).

Predict-Price, an agency that provides AI-powered estimates and statistical data analysis, predicts a rise to ₹135.01 with a 53.03% probability. However, the price may as well drop to ₹89.0000 per euro.

Longforecast

Price range for 2025: ₹92.8300 – ₹100.0000 (estimated as of 30.09.2024).

Based on Longforecast‘s estimates, the pair will trade at around ₹96.6600 in early 2025, dropping to ₹95.5900 by the end of January. Afterward, EURINR is expected to fluctuate between ₹92.8300 and ₹100.0000. The price may hit ₹96.6300 by year-end.

Month	Opening price, ₹	Low/ High, ₹	Closing price, ₹
January	96.6600	94.1600-97.0200	95.5900
February	95.5900	95.5900-98.6300	97.1700
March	97.1700	94.7800-97.6600	96.2200
April	96.2200	95.1700-98.0700	96.6200
May	96.6200	94.8600-97.7400	96.3000
June	96.3000	92.8300-96.3000	94.2400
July	94.2400	93.9200-96.7800	95.3500
August	95.3500	95.3500-99.6800	98.2100
September	98.2100	97.0400-100.0000	98.5200
October	98.5200	95.0000-98.5200	96.4500
November	96.4500	94.2100-97.0700	95.6400
December	95.6400	95.1800-98.0800	96.6300

Coincodex

Price range for 2025: ₹91.1600 – ₹106.9400 (estimated as of 30.09.2024).

For 2025, Coincodex predicts an average price of ₹103.7500, with annual lows and highs of ₹91.1600 and ₹106.9400, respectively.

Year	Annual low, ₹	Annual high, ₹
2025	91.1600	106.9400

ExchangeRates

Price range for 2025: ₹86.3000 – ₹94.9000 (estimated as of 30.09.2024).

Analysts at ExchangeRates anticipate that the price will vary from ₹86.3000 to ₹94.9000, expecting an average price of ₹90.0000. The rate is projected to reach around ₹90.0774 by the end of June.

Month	Average price, ₹	Low, ₹	High, ₹
January	90.9741	87.3755	91.5951
	90.6703	87.0332	92.6472
February	90.6269	86.9843	92.7975
	90.3665	86.6908	93.6992
March	90.3231	86.6419	93.8495
	90.0198	86.3000	94.9000
April	90.0218	86.3297	94.8360
	90.0383	86.5769	94.3031
May	90.0403	86.6066	94.2391
	90.0588	86.8835	93.6422
June	90.0615	86.9231	93.5569
	90.0774	87.1604	93.0453

Panda Forecast

Price range for 2025: ₹90.5601 – ₹98.8518 (estimated as of 30.09.2024).

Experts at Panda Forecast project the average price to reach ₹93.1976 per euro in 2025. The quotes will rise throughout the year within a wide range of ₹90.5601-₹98.8518, up to ₹95.5453 by the end of December.

Month	Average price, ₹	Minimum, ₹	Maximum, ₹
January	93.1976	92.0233	93.9805
February	92.0513	90.5601	93.2111
March	94.6747	92.6298	96.2937
April	94.0499	93.2034	95.0938
May	92.9777	90.9136	94.9303
June	93.0893	92.2794	95.1559
July	94.8208	93.0855	95.8733
August	96.0155	94.5177	97.7438
September	96.5916	94.9399	98.8518
October	95.4904	94.8029	97.6390
November	95.0321	94.4334	96.4291
December	95.5453	94.9720	97.2937

Walletinvestor

Price range for 2025: ₹92.3440 – ₹94.9690 (estimated as of 30.09.2024).

Based on Walletinvestor‘s forecasts, the EURINR average price will reach ₹93.7200 by the end of the first half of 2025.

In the second half of the year, the quotes will remain in the range of ₹93.6080-₹94.9690 and reach ₹94.5560 by the end of the year.

Month	Opening price, ₹	Closing price, ₹	Minimum price, ₹	Maximum price, ₹
January	93.2510	92.5690	92.4750	93.2510
February	92.5880	92.4090	92.3440	92.6140
March	92.4390	92.4620	92.4240	92.6910
April	92.4680	92.9770	92.4130	92.9770
May	92.9770	93.0890	92.8350	93.0890
June	93.0840	93.7200	93.0840	93.7440
July	93.7310	93.9790	93.6080	93.9790
August	93.9780	94.8740	93.9780	94.8900
September	94.9240	94.4140	94.3870	94.9690
October	94.4120	94.2180	94.2180	94.4490
November	94.2130	94.3600	94.0960	94.3730
December	94.4170	94.5560	94.4170	94.8120

Analysts’ EUR INR Projections for 2026

Most experts predict an upward trend for the EURINR currency pair during 2026.

Predict-Price

Price range for 2026: ₹ 87.1000 – ₹ 148.8500 (estimated as of 30.09.2024).

In 2026, Predict-Price expects a neutral trajectory for EURINR with a 4-5% likelihood.

If the bullish trend develops, the price may jump to ₹148.8500. In an alternative scenario, the rate will decline to ₹87.1000.

WalletInvestor

Price range for 2026: ₹ 93.5890 – ₹ 96.2060 (estimated as of 30.09.2024).

Walletinvestor anticipates a narrow range of ₹93.5890-₹96.2060 in 2026, with the closing price of ₹94.9810 in late June.

By the end of the year, quotes may rise to ₹95.8090.

Month	Opening price, ₹	Closing price, ₹	Minimum price, ₹	Maximum price, ₹
January	94.5050	93.8230	93.7280	94.5050
February	93.7960	93.6620	93.5890	93.8610
March	93.6440	93.7260	93.6440	93.9420
April	93.7200	94.2180	93.6500	94.2180
May	94.1890	94.2910	94.0770	94.2980
June	94.3550	94.9810	94.3550	94.9830
July	94.9820	95.1840	94.8530	95.1860
August	95.2270	96.1480	95.2220	96.1480
September	96.1810	95.6660	95.6510	96.2060
October	95.6550	95.4790	95.4790	95.6910
November	95.4270	95.6330	95.3450	95.6330
December	95.6720	95.8090	95.6720	96.0560

Gov Capital

Price range for 2026: ₹106.1200 – ₹121.1400 (estimated as of 30.09.2024).

Analysts at Gov Capital predict that the average price of the trading asset will vary from ₹111.8600 to ₹115.2300 in the first six months, hitting ₹112.8500 by the end of June.

In the second half of the year, the price is expected to decline to ₹109.4000 by the beginning of November and rise to ₹117.6100 by the end of December.

Date	Average price, ₹	Lowest possible price, ₹	Highest possible price, ₹
01.01.2026	115.2300	111.7800	118.6900
31.01.2026	114.2500	110.8300	117.6800
01.02.2026	114.7900	111.3500	118.2300
28.02.2026	113.9500	110.5300	117.3700
01.03.2026	113.7300	110.3200	117.1400
31.03.2026	114.4300	110.9900	117.8600
01.04.2026	113.9300	110.5100	117.3500
30.04.2026	114.4500	111.0200	117.8900
01.05.2026	114.8300	111.3900	118.2800
31.05.2026	112.0300	108.6700	115.3900
01.06.2026	111.8600	108.5100	115.2200
30.06.2026	112.8500	109.4600	116.2300
01.07.2026	112.7100	109.3300	116.0900
31.07.2026	111.5600	108.2200	114.9100
01.08.2026	110.6800	107.3600	114.0000
31.08.2026	112.8500	109.4600	116.2300
01.09.2026	112.7200	109.3400	116.1100
30.09.2026	110.6500	107.3300	113.9700
01.10.2026	111.3700	108.0300	114.7100
31.10.2026	109.4100	106.1300	112.6900
01.11.2026	109.4000	106.1200	112.6800
30.11.2026	109.8400	106.5400	113.1300
01.12.2026	109.8400	106.5500	113.1400
31.12.2026	117.6100	114.0800	121.1400

Coincodex

Price range for 2026: ₹87.4700 – ₹103.5000 (estimated as of 30.09.2024).

Based on Coincodex‘s data, the annual 2026 low and high will be ₹87.4700 and around ₹103.5000.

Year	Annual low, ₹	Annual high, ₹
2026	87.4700	103.5000

Panda Forecast

Price range for 2026: ₹94.3472 – ₹103.9690 (estimated as of 30.09.2024).

Analysts at Panda Forecast expect EURINR quotes to vary from ₹94.3472 to ₹103.9690 throughout 2026, with the average rate amounting to ₹98.2173. By the end of the year, the price is projected to rise to ₹100.2770.

Month	Average price, ₹	Minimum, ₹	Maximum, ₹
January	96.5485	94.3472	97.2726
February	98.3443	96.7216	99.9670
March	100.4390	98.9023	101.8850
April	101.8850	100.1740	103.5660
May	99.4707	97.8891	101.6790
June	98.2173	96.5673	99.3665
July	99.0718	97.4966	99.9635
August	100.1720	99.3000	101.1330
September	100.8030	98.4438	101.9820
October	101.7700	100.6710	103.9690
November	100.4570	99.7342	101.1810
December	100.2770	98.0806	102.5930

LongForecast

Price range for 2026: ₹94.6200 – ₹107.6500 (estimated as of 30.09.2024).

Longforecast projects the pair’s price to range from ₹94.6200 to ₹100.4000 in the first half of the year and close at ₹97.6400 by the end of June.

In the second half of the year, the asset is expected to continue trending up in the ₹97.6400-₹107.650 range and hit ₹102.3600 by year-end.

Month	Opening price, ₹	Low/ High, ₹	Closing price, ₹
January	96.6300	96.4200-99.3600	97.8900
February	97.8900	94.6200-97.8900	96.0600
March	96.0600	95.6200-98.5400	97.0800
April	97.0800	97.0800-100.4000	98.9200
May	98.9200	95.8700-98.9200	97.3300
June	97.3300	96.1800-99.1000	97.6400
July	97.6400	97.6400-102.0800	100.5700
August	100.5700	100.5700-105.1400	103.5900
September	103.5900	103.5900-107.6500	106.0600
October	106.0600	104.3500-107.5300	105.9400
November	105.9400	102.8800-106.0200	104.4500
December	104.4500	100.8200-104.4500	102.3600

Recent Price History of the EURINR Pair

In recent years, the EURINR exchange rate has seen noticeable fluctuations. In 2022, it started at 89.6250, dropped to a low of 77.8459, and closed around 88.5660. Following this, a long-term upward trend began, which continues today.

A completely different situation occurred in 2021 when the currency pair fell by 5.07% to 84.7075. In 2020, there was a significant increase of 11.52%, with the pair closing at 89.2290.

However, in 2019 and 2018, the changes were more modest, with a slight rise of 0.47% and 3.79%, respectively. In 2017, the trend was upward, with an increase of 7.28%, whereas in 2016, there was a slight decline of 0.66%.

Long-Term EUR to INR Forecast for 2027-2030

Many analytical agencies and experts agree that the EURINR exchange rate is expected to rise from 2027 to 2030.

Walletinvestor

Price range: ₹94.8390 – ₹99.9500 (estimated as of 30.09.2024).

Walletinvestor predicts that the EURINR rate will trade at around ₹95.7300 in early 2027. The price will range from ₹94.8390 to ₹97.4520 throughout the year and close at ₹97.0330.

In 2028-2029, quotes will continue to grow, and the pair will trade at ₹96.0940-₹98.9530. By the end of 2028, the price will reach ₹98.2200. By the end of September 2029, the rate is expected to grow to ₹99.5510.

Date	Opening price, ₹	Closing price, ₹	Minimum price, ₹	Maximum price, ₹
2027
January	95.7300	95.0310	94.9630	95.7300
February	95.0730	94.8680	94.8390	95.1040
March	94.9180	94.9790	94.9180	95.1920
April	94.9640	95.4300	94.8920	95.4550
May	95.4450	95.5620	95.3230	95.5620
June	95.6080	96.2320	95.6080	96.2320
July	96.2250	96.4330	96.1010	96.4330
August	96.4290	97.4040	96.4290	97.4040
September	97.4270	96.9100	96.9100	97.4520
October	96.8690	96.6930	96.6930	96.9320
November	96.7090	96.8880	96.5920	96.8880
December	96.9160	97.0330	96.9160	97.3070
2028
January	96.9990	96.3070	96.2000	96.9990
February	96.3310	96.1740	96.0940	96.3450
March	96.1970	96.1790	96.1790	96.4360
April	96.1820	96.6540	96.1400	96.688
May	96.6900	96.8500	96.5710	96.8500
June	96.8770	97.4390	96.8770	97.4790
July	97.4450	97.7000	97.3510	97.7000
August	97.7460	98.6640	97.7460	98.6640
September	98.6470	98.1280	98.1250	98.7020
October	98.0860	97.9740	97.9590	98.1730
November	97.9630	98.1520	97.8300	98.1520
December	98.1430	98.2200	98.1430	98.5560
2029
January	98.2060	97.5790	97.4430	98.2060
February	97.5830	97.4200	97.3280	97.5830
March	97.4340	97.4390	97.4220	97.6770
April	97.3940	97.9320	97.3940	97.9320
May	97.9500	98.0840	97.8210	98.0840
June	98.0830	98.6960	98.0830	98.7240
July	98.6560	98.9530	98.5880	98.9530
August	98.9880	99.8730	98.9880	99.8860
September	99.9010	99.5510	99.5510	99.9500

Coincodex

Price range: ₹90.7600 – ₹115.7200 (estimated as of 30.09.2024).

Analysts at Coincodex also anticipate a strengthening bullish trend in EURINR in 2027-2030. The asset is projected to range from ₹90.7600 to ₹104.2400 in 2027-2028. In 2029-2030, the growth will continue, with quotes varying widely from ₹101.0500 to₹115.7200.

Year	Annual low, ₹	Annual high, ₹
2027	93.8200	103.7700
2028	90.7600	104.2400
2029	101.0500	115.7200
2030	101.7700	109.9500

Longforecast

Price range: ₹94.4200 – ₹106.3300 (estimated as of 30.09.2024).

Longforecast expects EURINR’s uptrend to continue in 2027-2028. The exchange rate will rise to ₹96.8900 by the end of 2027; the minimum price will be ₹95.2800 and the maximum – ₹106.3300.

 During 2028, the price will range from ₹94.4200 to ₹100.8200, reaching ₹97.8300 by the end of October.

Month	Opening price, ₹	Low/ High, ₹	Closing price, ₹
2027
January	102.3600	100.1800-103.2400	101.7100
February	101.7100	101.7100-106.3300	104.7600
March	104.7600	100.1000-104.7600	101.6200
April	101.6200	99.3300-102.3500	100.8400
May	100.8400	100.5300-103.5900	102.0600
June	102.0600	99.3800-102.4000	100.8900
July	100.8900	99.1300-102.1500	100.6400
August	100.6400	97.1600-100.6400	98.6400
September	98.6400	97.9500-100.9300	99.4400
October	99.4400	97.6700-100.6500	99.1600
November	99.1600	95.2800-99.1600	96.7300
December	96.7300	95.4400-98.3400	96.8900
2028
January	96.8900	94.8900-97.7900	96.3400
February	96.3400	94.5500-97.4300	95.9900
March	95.9900	95.9900-100.3500	98.8700
April	98.8700	94.4600-98.8700	95.9000
May	95.9000	95.3200-98.2200	96.7700
June	96.7700	94.4200-97.3000	95.8600
July	95.8600	95.5200-98.4200	96.9700
August	96.9700	96.9700-100.1700	98.6900
September	98.6900	97.8400-100.8200	99.3300
October	99.3300	96.3600-99.3300	97.8300

Gov Capital

Price range: ₹114.0400 – ₹176.6200 (estimated as of 30.09.2024).

Experts at Gov Capital provide the most optimistic outlook. The average price of EURINR will reach ₹130.8000 by the end of 2027. By the end of September 2029, the asset is projected to trade at ₹171.4700.

Date	Average price, ₹	Lowest possible price, ₹	Highest possible price, ₹
01.01.2027	117.5700	114.0400	121.0900
31.12.2027	130.8000	126.8800	134.7300
01.01.2028	130.4300	126.5200	134.3500
31.12.2028	162.6400	157.7600	167.5100
01.01.2029	161.6600	156.8100	166.5100
28.09.2029	171.4700	166.3300	176.6200

Which Factors Impact EUR INR Price?

Several factors, including the eurozone and India’s macroeconomic indicators, influence the EURINR exchange rate. GDP, inflation, unemployment, and central bank policies significantly determine the exchange rate. Political stability, geopolitical conflicts, and trade relations between the regions can also notably impact the currency pair. The supply and demand dynamics in the currency markets, which are shaped by trade and investment flows between the eurozone and India, are also crucial factors.

• Inflation Differentials. Lower inflation in the Eurozone compared to India can strengthen the Euro, resulting in a higher EUR to INR rate.

• Current Account Balance. India’s trade deficit can devalue the Rupee, enhancing the EUR-INR exchange.

• Public Debt Levels. Higher debt in either region, especially India, may devalue its currency, affecting the EUR-INR forecast.

• Terms of Trade Shifts. Improved Indian export prices could strengthen the Rupee, impacting the EUR to INR exchange.

• Economic Performance. Stronger economic indicators in the Eurozone can lead to a higher EUR-INR rate, influenced by investor confidence.

• Political Stability. Political uncertainty in India can weaken the Rupee, affecting the EUR to INR exchange.

• Global Market Sentiment. Global economic trends and crises can unpredictably sway the EUR-INR rate.

Is EUR/INR Still a Good Investment?

The forecasts from analytical agencies regarding the EUR/INR rate for 2024-2030 are optimistic.

Many experts anticipate a further strengthening of the euro against the Indian rupee by the end of 2024, up to ₹96.3300-₹97.3000. Between 2025 and 2030, analysts also predict an upward trend for EUR/INR towards ₹96.6300-₹115.7200.

However, there are geopolitical and macroeconomic risks associated with global uncertainty in the financial markets.

The EUR/INR currency pair can be considered a long-term investment for diversifying an investment portfolio and minimizing risks, as further euro strengthening is expected.

For more effective investment decisions on EUR/INR, it is recommended to thoroughly study analytical forecasts, identify factors affecting the pair’s quotes, and conduct technical analysis to determine the current market conditions.