Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for India
Indian Rupee, Quarterly, Seasonally Adjusted
MANMM101INQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,794,031,938,102.90
Year-over-Year Change
30.50%
Date Range
1/1/1960 - 7/1/2023
Summary
This series tracks the quarterly, seasonally adjusted exchange rate of the Indian rupee against the U.S. dollar. It is a key economic indicator for analyzing India's trade competitiveness and the broader health of the Indian economy.
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-U.S. dollar exchange rate is a widely monitored metric that reflects the relative strength of the Indian currency. Economists and policymakers use this data to assess India's export potential, foreign investment trends, and overall macroeconomic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The rupee exchange rate is closely watched by India's central bank, the Reserve Bank of India, which may intervene to influence the currency's value for trade and policy objectives.
Key Facts
- The Indian rupee has experienced significant fluctuations against the U.S. dollar in recent years.
- India is a major global trading partner, making the rupee exchange rate a crucial economic indicator.
- The Reserve Bank of India actively manages the rupee's value to support the country's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This series tracks the quarterly, seasonally adjusted exchange rate of the Indian rupee against the U.S. dollar, a key metric for analyzing India's trade competitiveness and broader economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is closely watched by economists, policymakers, and investors as it reflects India's trade dynamics, foreign investment flows, and overall macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Reserve Bank of India closely monitors the rupee exchange rate and may intervene in currency markets to influence its value for trade and broader policy objectives.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a potential for minor delays in availability.
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Citation
U.S. Federal Reserve, Indian Rupee, Quarterly, Seasonally Adjusted (MANMM101INQ189S), retrieved from FRED.