Funds Shunning India Turns Rupee Into EM Asia’s Worst Currency
- Rupee may fall to 76.50 by end-March: Bloomberg survey
- Rupee declines 1.9% this quarter, worst in emerging Asia
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The Indian rupee is set to end a tumultuous year as Asia’s worst-performing emerging market currency with foreign funds fleeing the nation’s stocks.
The currency declined 1.9% this quarter as global funds pulled $4.2 billion of capital out of the country’s stock market, the most among regional markets where data is available.