Broad Effective Exchange Rate for India
NBINBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.75
Year-over-Year Change
-5.89%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for India measures the weighted average value of the Indian rupee against a basket of foreign currencies. It is an important indicator of India's international competitiveness and 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 Broad Effective Exchange Rate tracks the overall strength of the Indian rupee relative to a representative group of trading partner currencies. It provides insight into India's export and import trends, and can signal changes in the country's trade balance and economic policies.
Methodology
The data is calculated by the Bank for International Settlements using a trade-weighted geometric average of bilateral exchange rates.
Historical Context
Policymakers and analysts monitor this exchange rate metric to assess India's economic performance and make informed decisions about trade, monetary, and fiscal policies.
Key Facts
- The base year for the index is 2010 = 100.
- India's Broad Effective Exchange Rate has declined by over 15% since 2013.
- The exchange rate is updated on a monthly basis by the Bank for International Settlements.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for India measures the overall strength of the Indian rupee against a basket of currencies from its major trading partners.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric provides insight into India's international competitiveness and trade dynamics, which are crucial factors for policymakers and market participants to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using a trade-weighted geometric average of bilateral exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this exchange rate to assess India's economic performance and make informed decisions about trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate for India is updated on a monthly basis by the Bank for International Settlements.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for India (NBINBIS), retrieved from FRED.