HomeNewsOpinionRupee to remain under pressure as it catches up with other Asian majors

Rupee to remain under pressure as it catches up with other Asian majors

In trade weighted inflation adjusted REER terms, the Rupee was close to its fair value in March 2022 against a basket of 40 currencies. However, intensification of depreciation pressure on the Chinese Yuan would weigh on the Rupee and other Asian currencies to maintain competitiveness. A sharp depreciation in Yuan remains a key downside risk to the Rupee’s exchange rate

Gaurav Kapur

May 16, 2022 / 09:19 IST

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