Monetary Aggregates and Their Components: Broad Money and Components: M3 for India
Indian Rupee, Monthly, Not Seasonally Adjusted
MABMM301INM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233,574,770,000,000.00
Year-over-Year Change
10.55%
Date Range
1/1/1960 - 9/1/2023
Summary
This series tracks the monthly exchange rate of the Indian rupee against the U.S. dollar on a non-seasonally adjusted basis. It is a key indicator of India's international trade and financial position.
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 (INR) to U.S. dollar (USD) exchange rate is a vital economic metric that reflects India's economic performance, trade dynamics, and capital flows. Analysts and policymakers use this data to assess India's macroeconomic conditions and international competitiveness.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The rupee exchange rate is closely monitored by the Reserve Bank of India and factors into the country's monetary and trade policies.
Key Facts
- The rupee has depreciated over 50% against the U.S. dollar since 2010.
- India is one of the world's largest importers of crude oil, making the rupee-dollar rate critical.
- The rupee is a free-floating currency, with the exchange rate determined by market forces.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly exchange rate of the Indian rupee against the U.S. dollar on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is a vital economic indicator that reflects India's trade dynamics, capital flows, and international competitiveness, making it crucial for analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The rupee exchange rate is closely monitored by the Reserve Bank of India and factors into the country's monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays, providing timely information on the rupee's performance.
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Citation
U.S. Federal Reserve, Indian Rupee, Monthly, Not Seasonally Adjusted (MABMM301INM189N), retrieved from FRED.