23 days ago • Posted by Jasper Lawler
Forex News: Indian rupee the top FX riser on bets India covid crisis will improve
The rupee has staged a strong comeback, rebounding to become Asia’s top-performing currency from its worst on signs that India’s virus crisis may be easing.
India’s currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation’s daily infections decline rapidly after touching a record high. The rupee also has the benefit of offering Asia’s highest carry returns.