Rupee likely to end 2020 as the worst performing currency in Asia

The rupee closed around Rs 74 to a dollar on Friday against Rs 72.2 at the end of December 2019

The rupee is likely to end calendar year 2020 as the worst performing currency in Asia, even underperforming minor South Asian currencies such as the Pakistani rupee and Sri Lankan rupee. 

In contrast, most Asian currencies have either appreciated against the US dollar in the last 12 months or retained their value. The rupee is down 3.6 per cent during the year so far against appreciation of other Asian currencies such as the Chinese renminbi, Philippines peso, South Korean won, Malaysian ringgit and Thai baht.

The rupee closed around Rs 74 to a dollar on Friday against Rs 72.2 at the end