USDINR vs Asians, Others

USDINR vs Asians, Others

Ritesh Victor
05 Sep 2019 06:33 PM
There has been a lot of uproar in the media (across all platforms) about rupee being the worst performing currency – not that it is negatively affecting them in any significant way, but the noise has been too loud to ignore. One actually wonders about the veracity of such a commotion. What has driven the Indian Rupee to weaken is common knowledge. Let’s evaluate and analyze whether the rupee has weakened in isolation or was it a broad based sell-off. The following rebased chart will detail rupee’s performance compared to its peers – Asian currencies as well as some other comparable currencies (Brazilian Real and Russian Rouble) along with Euro (an international major). Period of analysis starts from April 2019 till date (no point in taking 1-3 months horizon since it will be too tiny a period for any valuable assessment).

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