Rupee's real effective exchange rate rose to 100.07 in Jul from 99.68 in Jun
This story was originally published at 23:28 IST on 28 August 2025
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--RBI: Rupee effective FX rate index 100.07 in Jul vs 99.68 in Jun
MUMBAI – The rupee's real effective exchange rate against a basket of 40 currencies, in terms of trade-based weights, rose to 100.07 in July from an over-two-year low of 99.68 in June, according to data released by the Reserve Bank of India Thursday.
"India's inflation (on a month-on-month basis) was higher than the weighted average inflation of its major trading partners, outweighing depreciation of the Indian rupee in nominal effective terms," according to a paper by the central bank staff on the State of the Economy in the RBI monthly bulletin. In July, the Indian unit depreciated 2.4% against the greenback.
The domestic currency's real effective exchange rate rose in July due to relatively more losses in other currencies against the greenback, as the dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 3.4% last month. The dollar hit a two-month high against major global currencies in July due to easing trade war fears and better clarity on US trade deals.
The 40-currency basket includes the currencies of Angola, Australia, Bangladesh, Brazil, Canada, Chile, China, Egypt, the European Union, Ghana, Hong Kong, Indonesia, Iran, Iraq, Israel, Japan, Kenya, Kuwait, Malaysia, Mexico, Nepal, Nigeria, Oman, Qatar, Russia, South Korea, Saudi Arabia, Singapore, South Africa, Sri Lanka, Switzerland, Taiwan, Tanzania, Thailand, Turkey, Ukraine, the United Arab Emirates, the UK, the US, and Vietnam.
End
US$1 = INR 87.63
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Kabir Sharma and Gowri Lakshmi
Edited by Deepshikha Bhardwaj
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