Rupee goes from Asia’s best to worst in two weeks on Covid spike
April 15, 2021
The double-digit growth comes after eight quarters of either decline or single digit growth. - Getty Images/iStockphoto
The double-digit growth comes after eight quarters of either decline or single digit growth. - Getty Images/iStockphoto×
The rupee weakened past 75 per dollar for the first time in eight months this week
The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.