Indian rupee performed better than currencies of Canada, Korea, Brazil: Eco Survey 2024-25

The Indian rupee depreciated by a modest 2.9% in the first nine months of FY25, outperforming currencies like the Canadian Dollar and South Korean Won. Factors such as the strengthening USD amidst geopolitical tensions and US election uncertainties influenced this depreciation. The Nominal Effective Exchange Rate remained stable, signifying relative currency stability.