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Rupee lags most Asian peers as client flows trump India-Pak truce
Financial Express Pune
|May 17, 2025
ON THE BACK FOOT
PERSISTENT DOLLAR BIDS from domestic companies and foreign banks weighed on the rupee this week, making it a laggard among Asian peers and blunting the positive impact of a truce between India and Pakistan.
The currency hit a peak of 84.6250 in the immediate aftermath of the India-Pakistan ceasefire, but was unable to sustain the gains.
Traders said robust dollar-buying from state-run and foreign banks, likely on behalf of their clients, kept the rupee on the back foot.
Diese Geschichte stammt aus der May 17, 2025-Ausgabe von Financial Express Pune.
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