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Interest, Inflation and Interventions weakened Indian rupee in 2020 ​ By Rohit Vaid ( IANS) | Published on ​ Thu, Dec 31 2020 23:27 IST | ​ 0 Views Rupees.. Image Source: IANS News Mumbai, Dec 31 : India s interest rates, high inflation and Reserve Bank s market interventions weakened the rupee despite a massive inflow of direct and market-linked foreign investments during the pandemic-impacted year. While major Asian currencies have appreciated against the US dollar such as Chinese yuan by 6.10 per cent, Korean won by 5.50 per cent and Malaysian ringgit by 1 per cent, the Indian rupee depreciated by 3.10 per cent. It closed 2020 at 73.07 to a greenback. In the first half of 2020, there was a massive sell-off in the market due to the lockdown. Later, investors realised that lower crude oil prices and reduced imports was a positive for India, said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities.

Rahul guptaSajal guptaUs treasury departmentEmkay global financial service head of researchReserve bankEmkay global financial service headDeputy headRetail research devarsh vakilRohit vaidராகுல் குப்தாசஜால் குப்தாஎங்களுக்கு கருவூலம் துறைஎம்காய் உலகளாவிய நிதி சேவை தலை ஆஃப் ஆராய்ச்சிஇருப்பு வங்கிஎம்காய் உலகளாவிய நிதி சேவை தலைதுணை தலை