Finance
Sock JohnsonRupee Ki Dhamaal: The Rock's Currency Showdown
Who: Rupee; What: slid to the bottom of Asia's currency barrel; When/Where: this year in the global ring; Why: foreign investors bouncing like they're in a mosh pit, record trade gaps, and US tariffs hitting harder than a Rock Bottom! But don't count the rupee out just yet; it's got some fight left in it, baby! Can you smell what the rupee is cooking?
few days ago | Bloomberg
Quick rundown
1.The Indian rupee is Asia's worst-performing currency this year.
2.US tariffs are impacting India's labor-intensive exports.
3.AI tools are boosting India's young technical talent.
4.Gold imports are rising due to a rally in prices.
5.The RBI faces challenges similar to the 2013 'Taper Tantrum'.
