The rupee was one of the worst performing EM currencies against the US dollar in April, but we doubt that this will cause panic among India’s policymakers. Over a longer time horizon the rupee remains a relative outperformer, and given its appreciation in trade-weighted terms over the past year, a period of gradual weakening could actually be welcomed.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services