Exchange Rate (market+estimated) for India
XRNCUSINA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.42
Year-over-Year Change
70.31%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for India tracks the national currency's value relative to the U.S. dollar, providing insight into India's international trade and economic competitiveness.
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
This exchange rate series combines market exchange rates with estimated exchange rates to provide a comprehensive measure of the Indian rupee's purchasing power on global markets. It is a key indicator for assessing India's trade balance, capital flows, and macroeconomic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using a blend of market exchange rates and estimated rates.
Historical Context
Policymakers and analysts monitor this trend to gauge India's export-import dynamics and international economic position.
Key Facts
- The Indian rupee is the 6th most traded currency globally.
- India's trade deficit reached $26.7 billion in January 2023.
- The rupee has depreciated over 10% against the U.S. dollar since 2020.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for India tracks the value of the Indian rupee relative to the U.S. dollar, a key indicator of India's international trade and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is closely watched by policymakers, businesses, and economists to assess India's trade balance, capital flows, and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using a blend of market exchange rates and estimated exchange rates.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor this exchange rate to inform policies related to trade, investment, and currency management.
Q: Are there update delays or limitations?
A: The Federal Reserve provides this data on a regular basis, though there may be some time lags in its publication.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for India (XRNCUSINA618NRUG), retrieved from FRED.