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After slump, rupee becomes Asia’s best currency in 5 weeks

Analysts expect the rupee to remain “resilient” in the near future and a win for the BJP-led coalition will be a positive development for the rupee. (Photo: Pixabay) Just five weeks ago rupee was Asia’s worst-performing currency, but developments in the runup to Lok Sabha elections 2019 have led to a drastic turnaround. The rupee has now become Asia’s best-performing currency. Incidents over the past few weeks have fuelled the fresh development. Improvement in Prime Minister Narendra Modi’s chances of securing a second term and the recent eruption in tension between India and Pakistan are two prime reasons behind […]

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