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
  • Who else needs to know?

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.