Archive for January 25th, 2014

Rupee the most undervalued currency as per BigMac Index..

January 25, 2014

Though there are quite a few criticisms of Big Mac Index but still serves as an interesting way to compare currencies across the world.

Economist which publishes the index regularly, has put up an interactive feature of the index. They also provide the data in a  time series format across countries.

As per the index, Indian Rupee is the most undervalued currency in the world. Its value in terms of USD should be around Rs 20-21 per USD for it to be called a fair value! Whichever currency you take, INR is most undervalued compared to that currency and needs to appreciate by quite a margin.

(more…)

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