CAD to INR Historical Exchange Rates (2000–2026)

Over the past decade, the CAD to INR rate has generally trended upward — the live chart above traces the recent path in the scraped rate data we track. This long-term appreciation of the CAD against INR reflects India's relatively higher inflation rate compared to Canada, as well as structural differences in the two economies.

The most significant period of volatility came during the 2014-2016 oil price crash, when CAD weakened significantly against most currencies. The COVID-19 pandemic in 2020 also created extreme short-term volatility, though both currencies recovered relatively quickly.

For people sending money from Canada to India, the long-term trend has been favorable, with each Canadian Dollar buying more Indian Rupees over time. However, short-term fluctuations can be significant, making it worthwhile to monitor rates and time larger transfers carefully.

The long-term upward trend in CAD/INR — meaning each Canadian Dollar buys more Indian Rupees over time — is primarily driven by the inflation differential between the two countries. India's average inflation has historically been 2-4 percentage points higher than Canada's. This means the purchasing power of the Indian Rupee erodes faster than the Canadian Dollar, requiring more rupees to equal one CAD over time.

This relationship is known as Purchasing Power Parity (PPP). While PPP doesn't hold precisely in the short term, over decades it is a reliable indicator of currency direction. Since India's inflation has consistently been higher than Canada's, the CAD/INR rate has moved steadily upward for four decades — the live chart above shows the most recent leg of that journey.

Counterbalancing this trend is India's higher economic growth rate, which attracts foreign investment and creates demand for INR. India's growing export capacity, improving infrastructure, and expanding middle class provide structural support for the rupee. However, these factors have slowed the upward trend rather than reversed it.

For people regularly sending money from Canada to India, this long-term trend is favorable — each Canadian Dollar buys more rupees over time. However, short-term fluctuations can be significant (5-10% swings within a year are common), so timing still matters for large transfers.