Indian Rupee
India has experienced the second-greatest GDP growth1 of any of our profiled currencies over the past two decades. In April 2023, it overtook China as the world’s most populous country.
It has traditionally been a net importer.2 Its main import is crude oil. India exports some of that as refined oil, while its more than 1.4 billion people use the rest.
India is a member of the BRICS group of emerging market economies. It has the lowest GDP per capita of the G20 countries, and its population is the second youngest of the countries whose currencies we offer.
About India
GDP1
$3.4
Trillion
USD
Major Exports2
Refined Oil
Diamonds
Medicine
Major Export Partners2
U.S.
UAE
China
Budget Deficit3
-6.4%
Trade Flows4
-$260
Billion
USD
Pros and Cons of the Indian Rupee
- Backed by one of the world’s fastest-growing major economies5
- Increasing global economic relevance6
- Central bank support and managed flexibility7
- Persistent depreciation pressure8
- Sensitive to global risk sentiment9
- Capital-flow and energy-import vulnerability10
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.worldbank.org/en/country/india/overview
6. https://www.imf.org/en/Countries/IND
7. https://www.policycircle.org/economy/imf-flags-rupee-flexibility-shift/
8. https://www.reuters.com/world/india/rupee-leans-rbi-soften-impact-flows-weak-asian-cues-2026-01-30/
9. https://www.bis.org/statistics/rpfx22_fx.htm
10. https://www.iea.org/countries/india
How to Buy the Indian Rupee
Currency CD
Term
APY
3 Month
4.58%
6 Month
4.58%
9 Month
4.58%
12 Month
4.58%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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Indian Rupee
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