Data Focus: Rupee appreciation far lower than Emerging Market peers in 2025
While rupee has managed to hold its ground against the dollar in 2025, it has fared far worse against other major currencies The steep fall in the US dollar due to the trade and other administrative changes announced by the new US government has helped most emerging market currencies appreciate in 2025. But the performance of the rupee against the dollar has been much more subdued when compared with its EM peers.The rupee recorded sharp decline in February and March 2025 to move close to the 88-mark against the greenback....