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Indian Rupee INR

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of India

Interest Rate: 4.25%

Public Debt to GDP Ratio, 2017: 50.1%

Trade Balance, 2018: -$10.2 bln.

Inflation, 2019: 7.7%

Sovereign Credit Ratings:

Fitch
BBB-
Stable
Moody's
Baa3
Negative
S&P
BBB-
Stable

Supporting Factors

High-yielding interest rates

medium

Factors of Weakness

High-risk emerging country

medium

The Indian rupee is the official currency of the Republic of India. It replaced all the currencies of the previously autonomous states following independence in 1947.



Indian Rupee News Archive

USD/INR Slumps to One-Month Low As Economy Forecast to Crash in 2020

The Indian rupee is slumping to a one-month low against the US dollar, driven by a bleak forecast for the developing country’s economy in 2020. But while market observers are anticipating an economic contraction, officials are looking ahead and expecting improvements across the nation. But could the rupee threaten its gains over the last few months?

Indian Rupee Settles at Three-Month High on Foreign Inflows, Vaccine Hopes

The Indian rupee is settling at its best level against the US dollar in three months as foreign inflows and vaccine hopes elevated the currency. The rupee has been Asia’s worst-performing currency this year, driven primarily by the coronavirus pandemic and volatility in global financial markets. Could analysts’ forecasts of further appreciation in the second half of 2020 come true?

India’s GDP Growth Slows to Lowest in Six Years, Rupee Unfazed

The Indian rupee managed to gain on the US dollar today despite India’s relatively weak economic growth demonstrated last quarter.

Indian Rupee Weakens After Central Bank Cuts Interest Rates

The Indian rupee fell against the US dollar today after India’s central bank cut interest rates.

Rupee Falls After India Announces Tariffs on US Goods

The Indian rupee fell against the US dollar today after India decided to enter a trade war with the United States.

Indian Rupee Falls vs. US Dollar After RBI Cuts Interest Rates

The Indian rupee fell against the US dollar today after India’s central bank decided to cut interest rates at today’s monetary policy meeting.

USD/INR Declines Following Thursday’s Interest Rate Cut

The Indian rupee traded higher versus the US dollar today following yesterday’s unexpected interest rate cut by the Reserve Bank of India.

Rupee Weakens as India’s Economic Growth Slows

The Indian rupee fell against the US dollar today among concerns about India’s slowing economic growth and the bout of risk aversion on the Forex market.

Indian Rupee Weaker After Central Bank Cuts Interest Rates

The Indian rupee was down a little against the US dollar following yesterday’s decision of India’s central bank to reduce interest rates in order to support economic growth.

Indian Rupee Stronger After RBI Policy Meeting

The Indian rupee managed to gain against the US dollar today following yesterday’s monetary policy meeting. While India’s central bank retained its dovish bias, it was not yet ready to make another reduction of borrowing costs.

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