The exchange rate of Indian currency stabilized

National currency of India, rupee, is recovering from a steep fall in the summer of 2013. In the early June, the rupee exchange rate was at 56.5 against the U.S. dollar. In August, the value of the currency has dropped substantially - to 69 rupees per dollar. Since then, the national currency has strengthened. Today the rate is 62.25 rupees against the U.S. dollar. This is due to strengthening the policy of the Reserve Bank of the country, which increased the rate by 50 basis points since September 2013, the Business Week reports.

Government securities also came back to normal. This year, the stock index rose by 7.7%. Among the group of countries with the largest area and population (Brazil, Russia, India, China) country ranks the first place on this indicator. Russian stock index did not change during 2013, Chinese CSI 300 Index fell by 3.8%, while in Brazil the figure fell by almost 14 %.

Foreign investors are returning to the stock market. In November 2013 they bought Indian shares worth $ 1 billion. In the last three months $ 17.3 billion of foreign investment went in Indian securities. On the number of foreign investment India is giving way only to Japan.

During the third quarter of 2013, the economy of India grew by 4.8%. This figure is insufficient for emerging economy, but it is better compared with growth of 4.4%, which is recorded in the first quarter of this year.

Indian consumers are starting to feel a little more confident. In November, the index of consumer confidence rose to a record level since June 2013.