<h1>Indian Rupee Outperforms Global Counterparts in FY 2024-25, Boosted by Stable Exchange and Increased Purchasing Power</h1> The Indian rupee depreciated by 2.9% in the first nine months of the fiscal year 2024-25, outperforming the Canadian Dollar, South Korean Won, and Brazilian Real, which saw larger depreciations of 5.4%, 8.2%, and 17.4% respectively. The rupee's exchange rate is influenced by factors like the Dollar Index, capital flows, interest rates, crude prices, and the current account deficit. Despite geopolitical tensions and US election uncertainties, the rupee's Nominal Effective Exchange Rate remained stable, and its Real Effective Exchange Rate appreciated, indicating increased purchasing power.