The rupee performed the worst among Asian currencies in eight years and was down 8.46% in 2018. According to analysts at Standard Chartered Bank, the rupee will have enough support over the next 6-12 months. The rupee performed the worst among Asian currencies in eight years and was down 8.46% in 2018. Between 2011 and 2018, the rupee depreciated 36% and has been weakening every year, except in 2017. The rupee is not likely to be insulated and will follow EM forex in this regard.

Source: Mint January 08, 2019 03:22 UTC