Balance of Payments: Goods: Expenditure for India
Indian Rupee, Not Seasonally Adjusted
INDB6DBTD01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,960,380,000,000.00
Year-over-Year Change
26.28%
Date Range
1/1/1990 - 10/1/2024
Summary
This series tracks the Indian rupee exchange rate against the U.S. dollar on a daily basis. It is a key indicator of India's economic performance and global trade position.
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 is a widely followed metric that reflects India's economic competitiveness and trade dynamics. Fluctuations in the rupee-dollar exchange rate can impact import/export prices, inflation, and policy decisions.
Methodology
The data is collected and reported daily by the Reserve Bank of India.
Historical Context
Policymakers and analysts monitor the rupee exchange rate to assess India's international trade and economic conditions.
Key Facts
- The Indian rupee has fluctuated significantly against the U.S. dollar in recent years.
- India is a major global trading partner, with the rupee exchange rate impacting its competitiveness.
- Movements in the rupee-dollar rate can affect inflation, interest rates, and economic policy in India.
FAQs
Q: What does this economic trend measure?
A: This series tracks the daily exchange rate of the Indian rupee against the U.S. dollar, which is a key indicator of India's economic performance and trade position.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is closely watched by policymakers, investors, and economists as it reflects India's international competitiveness and can impact inflation, trade, and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported daily by the Reserve Bank of India, India's central banking institution.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the rupee exchange rate to assess India's international trade dynamics and broader economic conditions, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported daily by the Reserve Bank of India with minimal delays, providing timely information on the Indian rupee's exchange rate movements.
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Citation
U.S. Federal Reserve, Indian Rupee, Not Seasonally Adjusted (INDB6DBTD01NCCUQ), retrieved from FRED.