The Indian Rupee

 

Having started trading currencies in early 90s, i had the opportunity to quote Indian Rupee as a 100-unit base- currency. A Rupee trader is a rare commodity and a good rupee trader is rarer. For all those tracking rupee market over the last many decades, there are a number of milestones. Those twin devaluations, then the LERMS - which was the most messy part of life - and finally the real liberalisation process, we have come that proverbial 'long way'. Rupee is now talked about by everyone globally. I had always wanted to know how currency trading, rupee especially, was like in the 60s or 70s or even 80s but even google doesnt throw much light. Got this interesting data on how the rupee has moved in the last 37 years.

(These are average rates for the year - by courtesy of Forecast-Chart)