The Indian central bank left its interest rates unchanged at today’s policy meeting, but this did not prevent the rupee from falling.
Indian Rupee INR
Central Bank: Reserve Bank of India
Interest Rate: 8.25%
Public Debt to GDP Ratio, 2011: 48.5%
Trade Balance, 2011: -$162 bln.
Inflation, 2011: 8.9%
High-yielding interest rates
Factors of Weakness
High-risk emerging country
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
June 17th, 2013 at 12:07
June 10th, 2013 at 10:18
The Indian rupee dropped today to the record low against the US dollar today on concerns that the US Federal Reserve will remove monetary stimulus.
May 28th, 2013 at 13:41
The Indian rupee declined today against the US dollar, which was supported by speculations about tighter monetary policy. Fundamentals were not bad for the Indian currency, though, and may yet alleviate the pressure on the rupee.
April 18th, 2013 at 9:12
The Indian rupee managed to gain today even amid the market sentiment that was negative to risky assets. The rally was caused by hopes that falling prices on raw materials will help to reduce the nation’s current-account deficit.
March 11th, 2013 at 15:01
The Indian rupee fell today on concerns that a decrease of foreign capital inflows will lead to widening of the country’s current account deficit, which is already at the record level.
March 06th, 2013 at 6:25
The Indian rupee gained today as signs of stable economic growth in the United States made Forex traders more willing to risk and propped up demand for currencies with higher yield.
February 26th, 2013 at 17:59
The Indian rupee weakened today a bit as the inconclusive outcome of the Italian election made traders worry if the problems of the eurozone will resurface amid political uncertainty.
January 30th, 2013 at 13:28
The Indian rupee advanced today on hopes for increasing foreign capital inflows as the nation’s central bank is attempting to bolster the country’s economic growth.
January 14th, 2013 at 14:20
The Indian rupee advanced today as inflation slowed to the lowest level in three years, leading to speculations that capital inflows into the country will increase and demand for the nation’s currency will grow.
December 19th, 2012 at 11:44
The Indian rupee climbed today after India’s central bank left interest rates unchanged at yesterday’s meeting and pledged to shift the monetary policy towards growth.