fx
India Real Effective Exchange Rate
Latest
90.14index (2020=100)
Methodology
## What this measures
The value of India's currency against a broad basket of trading partners, weighted by trade and adjusted for differences in inflation. Index, 2020 = 100.
## Why it matters
It measures competitiveness: a rising index makes exports dearer and imports cheaper.
## How to read it
Higher means a stronger currency in real terms. It read 90.1 in August 2026, down from 97.3 a year earlier and from its record 106.1 in November 2024: the rupee has fallen in real terms against its trading partners.
## What it does not say
It is not the rate against the dollar, and an index level has no "right" value on its own.
## Source
Bank for International Settlements, Effective exchange rates, real, broad basket, series `WS_EER/M.R.B.IN` (stats.bis.org). Palanor reads the full series every day. Source: BIS. Used under the BIS terms for statistics: reuse is unrestricted with the BIS cited as the source, and the statistics carry no additional charge in Palanor.
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