The Simple Business Man

Over the past decade, the Indian Rupee (INR) has experienced notable fluctuations against major global currencies, influenced by various domestic and international economic factors. This blog post delves into the INR’s performance from 2015 to 2024 against five key currencies: the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and Chinese Yuan (CNY).

📉 INR vs. US Dollar (USD)

The INR has depreciated significantly against the USD over the past ten years. In 2015, the exchange rate was approximately ₹65.47 per USD. By 2022, it had weakened to ₹78.60, marking a 28.8% decline . This trend reflects the USD’s global strength and India’s trade dynamics.

💶 INR vs. Euro (EUR)

The INR’s performance against the Euro has been relatively stable. Starting at ₹71.21 in 2015, it fluctuated over the years, reaching ₹90.77 in 2024 . The Eurozone’s economic policies and India’s inflation rates have influenced these movements.

💷 INR vs. British Pound (GBP)

The INR has shown a gradual depreciation against the GBP. From ₹98.00 in 2015, it moved to ₹109.13 in 2024 . Factors such as Brexit and India’s economic growth have played roles in this trajectory.

💴 INR vs. Japanese Yen (JPY)

The exchange rate between INR and JPY has seen minor fluctuations. In 2015, ₹1 equaled approximately ¥1.89, and by 2024, it was around ¥1.81 . Japan’s monetary policies and India’s trade relations have influenced these rates.

🇨🇳 INR vs. Chinese Yuan (CNY)

The INR has experienced a slight depreciation against the CNY. In 2015, ₹1 was equivalent to ¥0.0982, and by 2024, it was around ¥0.0935 . This reflects the growing economic ties and trade balance between India and China.

📊 Exchange Rate Trends (2015–2024)

Below is a chart illustrating the INR’s exchange rates against the five major currencies over the past decade:

Year	USD (₹)	EUR (₹)	GBP (₹)	JPY (₹)	CNY (₹)
2015	65.47	71.21	98.00	0.5298	9.82
2016	67.07	74.31	91.03	0.6193	9.65
2017	64.45	73.47	83.87	0.5807	9.45
2018	69.92	80.81	91.19	0.6193	9.70
2019	74.53	78.81	89.92	0.6461	9.85
2020	73.23	84.55	95.12	0.6947	9.90
2021	73.92	87.35	101.56	0.6737	9.95
2022	78.60	82.62	96.22	0.6002	9.98
2023	89.29	89.29	102.73	0.5887	10.00
2024	90.77	90.77	109.13	0.5534	10.05

Note: The above rates are approximate and based on available data.

🧾 Conclusion

Over the past decade, the Indian Rupee has generally depreciated against major global currencies, influenced by factors such as trade balances, inflation rates, and global economic events. Understanding these trends is crucial for policymakers, investors, and businesses engaged in international trade.