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Indian Rupee INR

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of India

Interest Rate: 5.40%

Public Debt to GDP Ratio, 2017: 50.1%

Trade Balance, 2017: -$127.5 bln.

Inflation, 2017: 3.8%

Sovereign Credit Ratings:

Fitch
BBB-
Stable
Moody's
Baa2
Stable
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

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.

Indian Rupee Drops as RBI Performs Another Interest Rate Cut

The India rupee dropped today after the nation’s central bank cut its interest rate, including the key Bank Rate. The bank also commented on the strength of the currency, considering it excessive. While the currency was down against the US dollar, it managed to outperform the extremely weak euro.

Indian Rupee Drops due to Year-End Dollar Buying

The Indian rupee dropped today for the fourth straight session. Market analysts speculated that the currency dropped as importers were buying dollars to pay for their bills by the end of the year.

Indian Rupee Weakens on Fed Tightening Expectations, Recovers

The Indian rupee declined today on concerns that the planned interest rate hike from the Federal Reserve will deter investors from emerging markets. Yet the currency was able to recover as of now, suggesting that volatility on the market is rising after the Fed meeting and ahead of the holiday period.

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