INR Depreciation (1991-2025): A Comparative Analysis Against Major and Emerging Market Currencies The Indian Rupee (INR) has experienced varying degrees of depreciation against both developed and emerging market currencies over the past three decades. Below is a consolidated table followed by a detailed commentary on whether the INR has been among the weakest currencies globally. Combined Rupee Depreciation (CAGR %) Against Major & Emerging Currencies (1991-2025) Period USD GBP EUR JPY CNY THB KRW BRL IDR 1991-1995 8.2% 7.5% - 9.1% 8.0% 6.8% 7.2% - 9.5% 1996-2000 5.4% 6.1% 6.3% 4.8% 3.9% 4.5% 10.3% 8.9% 15.7% ...