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rupee performance: Why is rupee the second-best performer in Asia?


Why is rupee the second-best performer in Asia?
The central bank is suspected to have intervened through select state-owned banks to prevent a further climb immediately.
Synopsis
Rupee appears to be unwavering through the raging viral wave, seemingly negating the dystopian narrative about an economy under siege.
MUMBAI: Covid stats now grab a lot of column inches in broadsheets of every description – and they are bound to sway even the diehard optimist in India. Yet, its currency appears to be unwavering through the raging viral wave, seemingly negating the dystopian narrative about an economy under siege.
The causes behind the rupee’s recent outperformance relative to its Asian peers are many. But it owes its ‘second-best’ tag in the region this month ....

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