India Economics

India Economics

India Markets Monitor

21 April, 2017

Rupee surges to 20-month high

The rally in the Indian rupee since the start of 2017 has continued in recent weeks, driving the currency to its highest rate against the US dollar in almost two years. While we doubt that the rally will continue much longer, we do still expect the rupee to perform well relative to most other EM currencies over the coming couple of years.

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