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INDIAN RUPEE WORST PERFORMING ASIAN CURRENCY in 2020

My Source:

https://www.deccanherald.com/business/indian-rupee-emerges-worst-performing-asian-currency-in-2020-930769.html 

Despite Indian claims as an emerging ‘World Power’, Despite weakness of the USD in 2020, Indian rupee linked to International currencies in general and S-Asian currencies in particular, failed to emerge from its weak performance throughout year 2020.

Most other Asian currencies remained stronger against the USD in 2020. Even Nepal currency faired better than Indian Rupee. Only consolation for Indian Rupee (M.K.Gandhi face on currency) is Pakistan Rupee and Thailand-Baht; they faired poorer than Indian-Rupee in International Trade and Travel.

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MORAL OF STORY… if you travel to countries in Middle East, West-Asia, South or European Countries,  don’t bank on Indian Rupee. 

If you are on travel outside India, Carry USD, German Mark, Singapore-dollar, Malaysian Ringgit, Chinese or Japanese Yen, Russian Ruble or UK Pound if you want better rate of currency exchange for your hard earned money carried during travels.

I suspect that  frequent Farmer Strikes, ‘Raste-Roko’ for flimsy reasons initiated by Left-wing, ‘Tukde-Tukde’ separatist movements, ‘Raste-Roko’ against CAA & Article 370, Kashmir terrorism, Corruption in Government & Corporate Banking, Frequent killings in West-Bengal, Opposition to Indian Union by India’s opposition parties etc, etc, have something to do with weakness of Indian Rupee in International Trade, Commerce and Travel. 

 

 

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Suresh Rao

Mellowed out and enlightened septuagenarian. Tech savvy. Social writing is just a pastime to kill time. I keep contributing to several developmental projects in the area of engineering education, IT and Healthcare projects launched by my kith and kin. I am too lazy to write a book, 'cause I think my life itself is a book! I am also at www.facebook.com/sureshnrao
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Navneet Bakshi
Navneet Bakshi
1 year ago

I fully agree with you. There are people who do not want India to prosper. They are in India and outside too and those within the country are far more dangerous than those outside. The way things are, what to speak of being a Super power India may be soon out of the list of the emerging economies. What a shame it is.

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