International Merchandise Trade Statistics: Imports: Commodities for India
Indian Rupee, Annual, Not Seasonally Adjusted
XTIMVA01INA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,095,210,000,000.00
Year-over-Year Change
129.81%
Date Range
1/1/1990 - 1/1/2024
Summary
The Indian Rupee, Annual, Not Seasonally Adjusted trend measures the yearly average exchange rate between the Indian rupee and the U.S. dollar. This metric is closely watched by economists and policymakers to gauge 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, Annual, Not Seasonally Adjusted series represents the average annual exchange rate between the Indian rupee and the U.S. dollar. This exchange rate is a key indicator of India's economic competitiveness and can influence the country's import/export activity, foreign investment, and monetary policy decisions.
Methodology
The data is collected by the U.S. Federal Reserve from official exchange rate sources.
Historical Context
Analysts and policymakers use this exchange rate trend to assess India's macroeconomic conditions and trade competitiveness.
Key Facts
- The Indian rupee has depreciated significantly against the U.S. dollar over the past decade.
- India's exchange rate is influenced by factors like inflation, interest rates, and trade balances.
- The rupee-dollar exchange rate is a barometer of India's global economic integration and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Indian Rupee, Annual, Not Seasonally Adjusted trend measures the yearly average exchange rate between the Indian rupee and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is closely watched by economists and policymakers as it provides insights into India's economic performance, trade dynamics, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from official exchange rate sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this exchange rate trend to assess India's macroeconomic conditions and trade competitiveness, which can inform decisions on monetary policy, trade agreements, and foreign investment.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay in the most recent year's information being available.
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Citation
U.S. Federal Reserve, Indian Rupee, Annual, Not Seasonally Adjusted (XTIMVA01INA664N), retrieved from FRED.