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India's real exchange rate is close to one SD below its average
Index, 2020 = 100; monthly average, Jan 1994 to Aug 2026; higher means a stronger rupee in real terms
Line chart of India's real effective exchange rate (BIS broad index, 2020 = 100) from 1994 to August 2026, at 90.14 in August, close to the 88.96 level one standard deviation below the 1994-2026 average of 94.33, and 15% below the November 2024 peak of 106.10.

Source: Bank for International Settlements (BIS Data Portal), broad real effective exchange rate for India, 64 economies, CPI-based, 2020 = 100. Data as of August 2026.
Educational content, not investment advice.

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Chart in focus · data as of Aug 2026

India's REER is close to one standard deviation below its 1994-2026 average

India's REER (the rupee measured against a basket of trading partners' currencies, adjusted for inflation) was 90.14 in August 2026, close to the 88.96 mark one standard deviation below its 1994-2026 average. It has fallen since November 2024, when it peaked at 106.10, more than two standard deviations above that average.

Educational content, not investment advice. Accrue Finvisor LLP is an AMFI-registered Mutual Fund Distributor, not a SEBI Registered Investment Adviser. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.