Been looking at some old forex data and the Indian rupee story is pretty interesting. Back in 2023, the rupee was crushing it against basically every currency except the dollar and euro. Strong economic growth, inflation under control - India looked solid. But the technical analysis from that time showed something different for USD to INR, predicting the rupee would keep losing ground against the dollar.

The forecasts back then were pretty bearish on INR long-term. They were calling for USD/INR to hit 87.13 by late 2024, then 89.37 by end of 2025. The real kicker was the 2030 projection - they expected the rupee to depreciate about 17% over that 7-year period, with the exchange rate hitting 101.11. So if you're looking at USD to INR forecast 2030 from that 2023 analysis, it was basically saying the dollar would dominate.

Makes sense when you think about it - US had higher rates, stronger growth trajectory, and inflation already coming down to 3%. India was dealing with higher inflation and tighter monetary policy to bring it down. The macro setup favored dollar strength. Of course, forex is crazy volatile and these predictions can change fast based on central bank moves, geopolitical stuff, and economic surprises. But that's what the technical indicators were signaling back then about the USD to INR forecast 2030.