Rupee one of the worst performers among its Asian peers in the past 1 year

Down 2% versus $ since Dec 2018, against mild appreciation in many Southeast Asian currencies

A sharp deceleration in economic growth and surge in inflation have begun to weigh on the rupee exchange rate. The Indian rupee has become one of the worst performers among its Asian peers in the past one year, with the exception of the South Korean won and the Pakistani rupee.

The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019, against 6.3 per cent appreciation in the Thai baht, 1.5 per cent appreciation in the Malaysian ringgit, and 3 per cent gains logged by the Philippines peso against the US dollar