According to Irene Cheung of ANZ Research, it is obvious that India is affected or impacted more by domestic cues than global issues.
Currencies with sound external balances, such as the yuan, Korean won, Taiwan dollar and Singapore dollar, were expected to hold up better against the Federal Reserve`s tapering of its asset purchases this year, HSBC said.
Technically, the dollar-yen pair is in a clear uptrend. After breaching the symmetrical triangle on the upside, the pair has been consistently moving northwards. A sustained closing above 103.70 will lead the pair higher towards 105 levels.
The rupiah fell 0.3 percent to 10,830 per dollar, its weakest since April 2009, as investors awaited a government announcement on a policy package to curb inflation and boost jobs in the early afternoon