Historical Year Data · 2008

USD/INR in 2008

USD/INR opened 2008 at 39.41 and closed at 48.58, a +23.27% move for the year. The high of 50.12 was reached on November 20, and the low of 39.12 on February 1.

Open

39.41

2008-01

48.58

252 data points

High

50.12

Nov 20

Low

39.12

Feb 1

Full Year Change

+23.27%

2007 Change

-10.70%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	39.41	39.31	39.55	39.13	-0.25%
Feb	39.12	39.96	40.11	39.12	+2.15%
Mar	40.33	40.02	40.46	39.76	-0.77%
Apr	39.88	40.45	40.45	39.73	+1.43%
May	40.58	42.15	42.93	40.45	+3.87%
Jun	42.38	42.93	42.97	42.38	+1.30%
Jul	43.23	42.47	43.29	41.1	-1.76%
Aug	42.26	43.25	43.74	42.01	+2.34%
Sep	44.4	46.45	46.81	43.95	+4.62%
Oct	46.47	49.4	49.96	46.47	+6.31%
Nov	48.61	49.55	50.12	47.25	+1.93%
Dec	49.94	48.58	50.05	46.74	-2.72%

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.