Monetary Aggregates and Their Components: Broad Money and Components: M3 for India
Indian Rupee, Quarterly, Not Seasonally Adjusted
MABMM301INQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233,574,770,000,000.00
Year-over-Year Change
31.67%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the value of the Indian rupee in terms of the U.S. dollar on a quarterly, non-seasonally adjusted basis. It is a key indicator of India's economic performance and international trade dynamics.
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 (INR) to U.S. dollar (USD) exchange rate is a widely tracked macroeconomic indicator that reflects India's economic health and its trade position relative to the global economy. This quarterly, unadjusted data series provides insights into the rupee's fluctuations against the dollar over time.
Methodology
The data is collected by the U.S. Federal Reserve from various international sources.
Historical Context
Policymakers and market analysts use this trend to assess India's economic competitiveness and the impact of exchange rate movements on the country's exports, imports, and foreign investment.
Key Facts
- The Indian rupee has depreciated by over 50% against the U.S. dollar since 2010.
- India is one of the world's largest importers of crude oil, making the rupee-dollar exchange rate crucial for its trade balance.
- The Reserve Bank of India closely monitors the rupee's movements to manage inflation and support export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the Indian rupee in terms of the U.S. dollar on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Indian rupee to U.S. dollar exchange rate is a key indicator of India's economic performance and international trade dynamics, which is closely watched by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from various international sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess India's economic competitiveness and the impact of exchange rate movements on the country's exports, imports, and foreign investment.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis, so there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Indian Rupee, Quarterly, Not Seasonally Adjusted (MABMM301INQ189N), retrieved from FRED.