India Real Effective Exchange Rate stands at 90.4 as of July 2026, down from 98.3 a year earlier. The reading sits in the 26th percentile of its history back to 1994.
| Latest (July 2026) | 90.4 |
| One year ago | 98.3 |
| 10-year range | 88.0 – 106.1 |
| All-time range | 81.1 (1996) – 106.1 (2024) |
| Change over 12 months | −7.9 — bottomed at 88.0 in 2026 |
| Percentile vs. full history | 26th |
| History | 1994–2026 (391 observations) |
India's real effective exchange rate (REER): the trade-weighted value of its currency against a broad basket of partners, adjusted for inflation differentials. A rising REER means the currency is getting more expensive in real terms — a headwind for exporters and, historically, for subsequent equity returns in that market; a REER well below its long-run average marks a cheap currency, which has tended to precede stronger returns for foreign investors. Values are an index (2020 = 100); the deviation from its own average matters more than the level. Data: Bank for International Settlements effective exchange rate indices (broad basket).
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<a href="https://www.tacticalassetallocation.com/charts/india-real-effective-exchange-rate/">India Real Effective Exchange Rate — Cambria Chart Lab</a>
Data: download CSV (source: BIS effective exchange rates).