Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for India
Indian Rupee
INDB6CATT00NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11,558,480,000.00
Year-over-Year Change
-23.73%
Date Range
1/1/1990 - 10/1/2024
Summary
This economic trend measures the Indian rupee exchange rate against the U.S. dollar. It is a key indicator of India's economic performance and international trade competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Indian rupee exchange rate reflects the value of the Indian currency relative to the U.S. dollar. This data series is widely tracked by economists, investors, and policymakers to assess India's macroeconomic conditions and international trade dynamics.
Methodology
The data is collected by the Federal Reserve from market sources and represents the daily noon buying rate for cable transfers in Indian rupees.
Historical Context
The rupee exchange rate is closely monitored for its implications on India's export competitiveness, import costs, and overall economic stability.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- The rupee has depreciated over 50% against the U.S. dollar since 2010.
- India's trade deficit with China was over $70 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Indian rupee exchange rate against the U.S. dollar, providing insight into India's economic competitiveness and trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is a crucial indicator for evaluating India's macroeconomic performance, export competitiveness, and international trade position.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve and represents the daily noon buying rate for cable transfers in Indian rupees.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the rupee exchange rate to assess India's trade competitiveness and make informed decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The rupee exchange rate data is published daily, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Indian Rupee (INDB6CATT00NCCUQ), retrieved from FRED.