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
$3.91
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?continent=asia
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
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
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%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
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