Funds shunning India turns rupee into EM Asia’s worst currency – The Peninsula Qatar
- Date: 21-Dec-2021
- Source: The Peninsula Qatar
- Sector:Financial Markets
- Country:Qatar
Funds shunning India turns rupee into EM Asia’s worst currency – The Peninsula Qatar
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.