Convert CAD to INR
Trade is an important factor that affects the strength of an economy. For an export-oriented economy, a higher trade surplus indicates higher earnings from exports, and better economic growth. A high trade surplus or a low trade deficit serve to strengthen the country's currency.
Trading emerging markets' currencies comes with its own set of risks as they are far more volatile than major currencies from stable economies. As this pair is highly correlated with crude oil, it is among the more volatile currency pairs to trade in the forex market. Ample knowledge of technical and fundamental indicators is vital to ensure safe and profitable trading in CAD/INR.
India is one of the largest consumers of physical gold in the world, after China. Whenever gold prices climb higher, it drives the Indian rupee lower, and vice versa.