Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for India
Indian Rupee
INDB6CATT02NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-169,046,100.00
Year-over-Year Change
-98.28%
Date Range
1/1/1990 - 10/1/2024
Summary
The Indian Rupee exchange rate measures the value of the Indian currency relative to other major global currencies. It is a key economic indicator for India's international trade, investment, and macroeconomic policies.
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 tracks the daily price at which the Indian currency can be traded for other foreign currencies, particularly the U.S. dollar. It reflects India's economic performance, trade balance, and geopolitical factors that influence demand for the rupee in global markets.
Methodology
The exchange rate is calculated based on real-time trading data from foreign exchange markets.
Historical Context
Policymakers and analysts closely monitor the rupee exchange rate to assess India's export competitiveness, import costs, and overall economic stability.
Key Facts
- The Indian rupee has depreciated by over 10% against the U.S. dollar in the past year.
- India is one of the world's largest importers of crude oil, making the rupee exchange rate critical for domestic fuel prices.
- The Reserve Bank of India actively manages the rupee's value to maintain export competitiveness and control imported inflation.
FAQs
Q: What does this economic trend measure?
A: The Indian Rupee exchange rate measures the value of the Indian currency relative to other major global currencies, particularly the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is a key indicator of India's international trade competitiveness, import costs, and overall macroeconomic stability, making it important for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The exchange rate is calculated based on real-time trading data from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the rupee exchange rate to assess the impact on India's export competitiveness, import costs, and overall economic stability, and adjust policies accordingly.
Q: Are there update delays or limitations?
A: The Indian Rupee exchange rate data is published daily without significant delays, providing timely information for market participants and policymakers.
Related Trends
Balance of Payments: Services: Revenue for India
INDB6CRSE03STSAQ
Outstanding Total International Debt Securities to GDP for India
DDDM07INA156NWDB
Value of Exports to India from Michigan
MIINDA052SCEN
Production: Manufacturing: Consumer Goods: Non-Durable Goods for India
INDPRMNCG03IXOBM
Number of Identified Exporters to India from Iowa
IAINDA475SCEN
Literacy Rate, Adult Total for India
SEADTLITRZSIND
Citation
U.S. Federal Reserve, Indian Rupee (INDB6CATT02NCCUQ), retrieved from FRED.