News > Rupee takes northward trajectory this fiscal; volatility likely amid Covid blues: Experts

Rupee takes northward trajectory this fiscal; volatility likely amid Covid blues: Experts

Deccan Herald | 31/05/2021 11:21 AM | Click to read full article

Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months of the current fiscal as dovish stance by the US Federal Reserve and other raft of factors steered the currency's overall positive trajectory. 

Apart from relatively easy money approach of the US Federal Reserve, less aggressive intervention by the Reserve Bank of India (RBI) in forex market helped the rupee also emerge as the top-performing Asian currency in May.