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The rupee's real effective exchange rate reached a record 108.14 in November, up 4.5% this calendar year, even as the nominal rupee hit new lows against the dollar. The divergence reflects the dollar's movement after Trump's election victory.
The gap between nominal and real effective rates signals that India's currency is strong on a trade-weighted basis, which can limit export gains and keep import costs elevated.
indianexpress.comHarish DamodaranDec 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
