The value of the Rupee: appreciation in real terms now exceeds 10% over the last one year

RBI Watch                                                                                               Indian Rupee

The tables below gives the picture in real and nominal terms against a basket of currencies. Please read my blog of April 25, 2014.

Just to get a sense of where these numbers are coming from in nominal terms - the way we all understand it when we go to a counter to exchange rupees to dollars or conversely, the rupee over the last year has appreciated by 19% against the euro, 5% against the pound, 13% against the yen, but has fallen a small 3% against the US dollar.