INR vs USD: Rupee underperforms Asian peers against the sinking US dollar. Here’s why

The Indian rupee appreciated slightly against the U.S. dollar recently, reaching 83.8475, but it remains one of the worst-performing Asian currencies. Despite a weaker dollar index, the rupee has struggled due to several factors: These factors combined have limited the rupee’s potential Why is Rupee underperforming? The underperformance of rupee against the Asian peers can…