National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for India
Indian Rupee, Annual
NAEXKP06INA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,486,181,581,000.00
Year-over-Year Change
108.51%
Date Range
1/1/1997 - 1/1/2022
Summary
The Indian Rupee, Annual trend measures the average value of the Indian rupee against the U.S. dollar over a calendar year. This metric is important for assessing India's international trade competitiveness and the purchasing power of its currency.
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, Annual series tracks the exchange rate between the Indian rupee and the U.S. dollar on an annual basis. This data is used by economists, policymakers, and businesses to gauge India's economic performance and the relative strength of its currency in global markets.
Methodology
The Federal Reserve Bank of St. Louis collects and publishes this data, which is derived from the market exchange rate between the two currencies.
Historical Context
Policymakers and market analysts closely monitor the Indian rupee's exchange rate to understand India's trade dynamics and the potential impact on its economy.
Key Facts
- The Indian rupee has depreciated against the U.S. dollar over the past decade.
- India's trade deficit has widened as the rupee has weakened.
- The rupee's exchange rate is a key factor in India's inflation and monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Indian Rupee, Annual trend measures the average value of the Indian rupee against the U.S. dollar over a calendar year.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing India's international trade competitiveness and the purchasing power of its currency.
Q: How is this data collected or calculated?
A: The Federal Reserve Bank of St. Louis collects and publishes this data, which is derived from the market exchange rate between the two currencies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Indian rupee's exchange rate to understand India's trade dynamics and the potential impact on its economy.
Q: Are there update delays or limitations?
A: The Indian Rupee, Annual data is published with a delay and may not reflect the most recent exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Indian Rupee, Annual (NAEXKP06INA652S), retrieved from FRED.