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

Gaurav Kapur • May 16, 2022 / 09:19 IST

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

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