International Merchandise Trade Statistics: Trade Balance: Commodities for India
Indian Rupee, Annual, Seasonally Adjusted
XTNTVA01INA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-22,964,100,000,000.00
Year-over-Year Change
123.94%
Date Range
1/1/1990 - 1/1/2024
Summary
The Indian Rupee, Annual, Seasonally Adjusted trend tracks the yearly value of the Indian currency against a trade-weighted basket of major foreign currencies. This metric is a key indicator of India's international economic 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 Indian Rupee, Annual, Seasonally Adjusted trend measures the annual average exchange rate of the Indian rupee relative to a basket of major currencies, adjusted for seasonal factors. This exchange rate is a vital barometer of India's trade balance, import/export competitiveness, and overall economic performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market quotations.
Historical Context
Policymakers and analysts closely monitor the rupee exchange rate to gauge India's export performance, import costs, and overall trade position.
Key Facts
- The rupee has depreciated over 50% against the U.S. dollar since 2010.
- India's trade deficit widened to a record high of $30 billion in 2022.
- The Reserve Bank of India actively manages the rupee exchange rate to maintain export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Indian Rupee, Annual, Seasonally Adjusted trend measures the yearly average exchange rate of the Indian rupee against a basket of major foreign currencies, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is a crucial indicator of India's international trade competitiveness, import/export dynamics, and overall economic performance, making it highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the rupee exchange rate to gauge India's export performance, import costs, and overall trade position, informing trade, monetary, and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Indian Rupee, Annual, Seasonally Adjusted data is published with a lag, and the seasonal adjustment process may not fully capture all fluctuations in the exchange rate.
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Citation
U.S. Federal Reserve, Indian Rupee, Annual, Seasonally Adjusted (XTNTVA01INA664S), retrieved from FRED.