Rupee has reached the highest level on a real effective exchange rate basis since RBI started its new data series in April 2004 - India's currency is significantly overvalued
In 2015-16, the rupee saw a fall in nominal and real terms, but this year that has been reversed.
The table below gives the picture for the rupee against the four major currencies. The rupee strengthened against each of these currencies, including a 18% gain against the pound sterling thanks to BREXIT!
Please also read my review of the rupee for the previous year.
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