National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India
Indian Rupee, Annual
NAEXKP01INA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157,572,710,690,000.00
Year-over-Year Change
95.74%
Date Range
1/1/1997 - 1/1/2022
Summary
The Indian Rupee, Annual trend measures the average annual exchange rate between the Indian rupee and the U.S. dollar. This key metric is closely watched by economists and policymakers to assess India's international 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
The Indian Rupee, Annual series represents the yearly average of the daily Indian rupee to U.S. dollar spot exchange rate. This trend is a fundamental indicator of India's currency valuation and can influence the country's trade balance, foreign investment, and broader macroeconomic conditions.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market-based daily exchange rate observations.
Historical Context
The Indian rupee exchange rate is a critical factor considered by the Reserve Bank of India and other policymakers when setting monetary and fiscal policies.
Key Facts
- The Indian rupee has depreciated by over 60% against the U.S. dollar since 2010.
- India is one of the world's largest economies, with a GDP of over $3 trillion.
- The rupee's exchange rate is a key factor in India's trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Indian Rupee, Annual trend measures the average yearly exchange rate between the Indian rupee and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The rupee exchange rate is a critical indicator of India's international economic competitiveness and can influence the country's trade, investment, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market-based daily exchange rate observations.
Q: How is this trend used in economic policy?
A: The Indian rupee exchange rate is a key factor considered by the Reserve Bank of India and other policymakers when setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual data series is published with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Indian Rupee, Annual (NAEXKP01INA652S), retrieved from FRED.