What is the future for the singapore dollar to indian rupee rate?

Question

Do you think it will exceed in the coming month?

(current rate is 1singapore dollar = Rs.30)

Answer 1

All depends on monetary policies and economic development.

Singapore economy currently has stability, and their local central bank goal is to keep relatively low inflation. India has some instability in both, real economy and monetary policy, thus if you prefer low risk and stability - then stick on singapore dollar, if you prefer to risk and seek to gain something on speculation, then Indian economy still grows and it's exports grows too (especially taking into account increased demand for food) - thus increased export means higher demand for indian rupee meaning it appreciatin pressure.