National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for India
Indian Rupee, Annual
NAEXKP03INA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,664,274,980,000.00
Year-over-Year Change
80.65%
Date Range
1/1/1997 - 1/1/2022
Summary
The Indian Rupee, Annual trend measures the annual average exchange rate between the Indian rupee and the U.S. dollar. It is a key economic indicator used to analyze India's international trade and financial 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 series represents the yearly average value of the Indian rupee relative to the U.S. dollar. This exchange rate is a critical data point for economists and policymakers assessing India's economic performance, foreign investment, and trade balance.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
The rupee exchange rate is closely monitored by global markets and Indian financial authorities.
Key Facts
- The Indian rupee has depreciated over 30% against the U.S. dollar since 2010.
- India is one of the world's largest importers of crude oil, making the rupee exchange rate critical for energy costs.
- The rupee's value is a key factor in India's international competitiveness and trade balance.
FAQs
Q: What does this economic trend measure?
A: The Indian Rupee, Annual 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: The rupee exchange rate is a critical economic indicator for assessing India's trade, investment, and macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The rupee exchange rate is closely monitored by Indian financial authorities and global markets to analyze the country's trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The Indian Rupee, Annual data is reported on a regular basis with minimal delays.
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Citation
U.S. Federal Reserve, Indian Rupee, Annual (NAEXKP03INA652S), retrieved from FRED.