Historical Year Data · 2008

India Real Effective Exchange Rate in 2008

India Real Effective Exchange Rate opened 2008 at 98.54 and closed at 88.40, a -10.29% move for the year. The high of 98.54 was reached on January 1, and the low of 88.40 on December 1.

Open

98.54

2008-01

88.40

12 data points

High

98.54

Jan 1

Low

88.40

Dec 1

Full Year Change

-10.29%

2007 Change

+5.12%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	98.54	98.54	98.54	98.54	+0.00%
Feb	97.57	97.57	97.57	97.57	+0.00%
Mar	95.94	95.94	95.94	95.94	+0.00%
Apr	97.05	97.05	97.05	97.05	+0.00%
May	92.51	92.51	92.51	92.51	+0.00%
Jun	93.00	93.00	93.00	93.00	+0.00%
Jul	92.84	92.84	92.84	92.84	+0.00%
Aug	95.09	95.09	95.09	95.09	+0.00%
Sep	91.36	91.36	91.36	91.36	+0.00%
Oct	89.56	89.56	89.56	89.56	+0.00%
Nov	90.50	90.50	90.50	90.50	+0.00%
Dec	88.40	88.40	88.40	88.40	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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