Easy money policies from ECB and BoJ makes rupee best-performing EM currency

The dollar may be gaining and all other currencies from the euro to the yen may be depreciating against it, but the Indian rupee is on course to being the best-performing emerging market currency and appreciating amid expected flows due to the easy money policy of the European Central Bank (ECB) and the Bank of Japan (BoJ). The local currency sank to a record low of 68.82 against the greenback 15 months ago. In the last one year,