The Indian Rupee on Wednesday April 25,2018 edged closer to becoming worst currency
of Asia in so far 2018 after foreign investors continued to sell in the
local equities and bonds amid a surge in international crude oil prices
and US bond yield.
Currently, Philippine Peso is the worst currency as it dropped 4.6% while rupee declined 4.52% so far this year. The currency closed at a 14-month low against US dollar.
Other Asian currencies have either risen or the fall is lower compared to India and Philippines.
The Indian Rupee ended at 66.90 against US dollar a level last seen on 22 February 2017, down 0.76% from its Tuesday’s close of 66.11.
The Indian Rupee opened at 66.47 and touched a low of 66.91 a dollar.
Currently, Philippine Peso is the worst currency as it dropped 4.6% while rupee declined 4.52% so far this year. The currency closed at a 14-month low against US dollar.
Other Asian currencies have either risen or the fall is lower compared to India and Philippines.
The Indian Rupee ended at 66.90 against US dollar a level last seen on 22 February 2017, down 0.76% from its Tuesday’s close of 66.11.
The Indian Rupee opened at 66.47 and touched a low of 66.91 a dollar.
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