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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, 2020: 89.3%

Trade Balance, 2019: $73.5 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 Rises Despite India’s Economy Exiting a Technical Recession

The Indian rupee joined the selloff in the broader emerging market currencies, testing 74.00 against its US peer at the end of the trading week. Although India has exited a technical recession, the rupee has slumped in the first two months of the calendar year, with investors continuing to pour into conventional safe-haven assets, such as the greenback and the Swiss franc.

USD/INR Struggles for Direction Amid Higher Inflation, Exports

The Indian rupee struggled for direction against its US peer to start the holiday-shortened trading week. The rupee has benefited from greater risk tolerance in the broader financial markets, with investors willing to return to emerging market currencies rather than pouring into traditional safe-haven assets. The latest inflation and trade data are driving the rupee on Monday.

Indian Rupee Gains As Modi Government Unveils Union Budget

The Indian rupee is strengthening against the US dollar on Tuesday as the nation’s exports improved in January and the number of coronavirus cases keeps coming down. The rupee, which has flatlined to kick off 2021, had joined the broader emerging market currencies amid uncertainty in the financial markets. But with the COVID-19 pandemic subsiding in the developing country and the economy on the rebound, the rupee could bounce back this year.

USD/INR Tops 74.00 As Q3 GDP Contracts, COVID-19 Infections Jump

The Indian rupee is weakening against its US peer at the end of the trading week, driven mostly by the continuing economic contraction and the rising number of coronavirus infections. The rupee has joined the rest of the emerging market currencies by slumping in 2020 amid the financial crisis. But with growing confidence in the broader financial market, the rupee has found support among EM currencies in November.

Indian Rupee Rises As Trade, Sliding COVID-19 Cases Support EM Currency

The Indian rupee is attempting to muster up some momentum to finish the trading week amid positive economic data and improving COVID-19 cases. The rupee, which has struggled since the height of the market meltdown earlier this year, has joined the broader weakness in emerging markets. But with renewed risk appetite and a potential vaccine on the way, could the rupee enjoy a better 2021?

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.

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