Indian Rupee is the worst currency in Asia – The performance of the Indian rupee has been very weak at the end of 2021. It is getting weaker in front of the US dollar. It has broken down to 2 per cent in this quarter.
Rupee continues to weaken
The fall in the Indian rupee continues. According to the report of news agency Bloomberg, the Indian rupee has become the worst performing currency in the Asian market. The main reason behind this is selling by foreign investors. Foreign investment from the country’s stock market is continuously decreasing.
A Bloomberg report said that the Indian rupee has weakened by 1.9 percent against the US dollar in the October-December quarter. It has now crossed Rs 76 per dollar against Rs 74 per dollar.