Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Angel Broking Ltd
The Indian Rupee has been termed as the worst-performing Asian currency By Heena Naik, Angel Broking
News By Tags | #5948 #2767 #607

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Below are Views On The Indian Rupee has been termed as the worst-performing Asian currency By Heena Naik, Research Analyst - Currency, Angel Broking Ltd

* The Indian Rupee has been termed as the worst-performing Asian currency this month as it weakened towards the lower levels of 75.54.

 

 * Primary reason for the downfall of Rupee could be attributed to RBI's announcement of a formal bond purchase plan in the recent policy. They also hinted towards the uncertainty over India’s growth outlook.

 

 * Also, economists have cut their forecast for the current quarter growth amid restrictions to contain the coronavirus which has created worries in the minds of investors.

 

 * All the above factors are expected to keep the rupee under pressure for some more time unless and until the RBI decides to step in.

 

 * In the future, a supportive policy mix along with government measures and robust vaccination drive could help in the country's recovery.

 

Above views are of the author and not of the website kindly read disclaimer