Saturday, June 30, 2018

Moody's says Rupee is relatively strong

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Rating agency Moody's says that India is among the 5 countries which are least vulnerable to currency pressures amid strengthening of the US dollar, because of low dependence on external capital inflows.

In a report on the impact of strengthening of the US dollar on other sovereigns, Moody’s said the appreciation of dollar has prompted a sharp currency depreciation and/or a significant decline in forex reserves in a number of emerging and frontier markets.

However, India, China, Brazil, Mexico and Russia are among the “least vulnerable” to currency pressures,  according its report.

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