Indian Rupee among best of Asian Currencies 2015

Rupee turned out to be one of the best performers in 2015 among all Asian and BRICS currencies excluding Yen

• The Indian currency's depreciation of 5% against the dollar was less than the losses of most of its other Asian peers. The Indian rupee fared better in 2014, when it weakened by only 2%
• Indonesian rupiah depreciated by 11.30% and Thai baht depreciated 9.5% against the dollar, Only the Chinese currency fared marginally better, losing only 4.6%.

BRICS Nations:

• Among the BRICS nations Indian currency did well. South African 'rand' depreciated by 34.75% and Brazilian 'real' weakened by 49% against the dollar

Forex Reserves:

• India's Foreign exchange reserves rose by more than $75 billion since the currency crisis of 2013.From about $274.8 billion in early September 2013, foreign exchange reserves rose to $351 billion as on 25th December 2015
• Since the currency crisis, the twin deficits- fiscal and current a/c have narrowed
• The fiscal deficit was 4.5% of the GDP, which is now seen at 3.9% for 2015-2016

Similarly, the current a/c deficit in the first quarter of 2013-14 zoomed to a record high of 4.9% of the GDP. CAD has since narrowed to 1.6% of GDP during the July-September quarter of the current financial year and is expected to be 1% of GDP in 2015-2016, mainly due to soft crude oil prices.

About Indian Rupee:
Designed by: D Udaya Kumar
On 26th August 2010 Minister of Finance and Department of Economic affairs approved the new 'rupee' symbol.