Today news
The same in other media
Covid-19 may be lethal for India’s economy but it ain’t so bad for rupee
Reading now: 239
In a hostile global currency market where many emerging market currencies have been a casualty in the covid-19 outbreak, the Indian rupee seems to have found its second wind.
Granted, the currency hit yet another lifetime low on Wednesday and has hardly been an outlier in the secular damage to emerging market currencies.
That said, the rupee’s performance this time is far better than it was in the previous two episodes of sharp depreciation. In the five-month period culminating in the collapse of Lehman Brothers in September 2008, the rupee had plummeted 15%.
In 2013, five months following US Federal Reserve warning of unwinding stimulus, the rupee had lost 13%. In contrast, the currency has lost just about 6% in the past five months in
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|