The Indian Rupee (INR), India's official currency, is central to the nation's economy and international trade. Its value, influenced by factors like inflation,...
The Indian Rupee (INR) is the official currency of India, regulated by the Reserve Bank of India (RBI), and is legal tender for all transactions in the country.
The Rupee's value is influenced by inflation, interest rates, crude oil prices, foreign investment flows, global economic conditions, and geopolitical events.
A depreciating Rupee makes imports more expensive, potentially increasing inflation, but makes Indian exports cheaper and more competitive in global markets.
The Reserve Bank of India (RBI) manages the Rupee's exchange rate through monetary policy interventions and foreign exchange market operations to maintain stability.
Tracking Rupee movements is crucial for businesses engaged in international trade, investors, and policymakers as it impacts costs, returns, and overall economic stability.