Kashmir Fallout: Rupee Routed

The Indian Rupee (INR) is showing signs of recovery against the US dollar, driven by factors including positive domestic economic data, increased foreign portfolio investment, and intervention by the Reserve Bank of India (RBI). While still facing challenges like global inflation and geopolitical uncertainties, the INR has demonstrated resilience compared to other emerging market currencies. The article highlights the RBI's active role in managing the currency's volatility through strategic interventions in the foreign exchange market, contributing to stability and investor confidence. Simultaneously, the Pakistani Rupee (PKR) is also experiencing a period of appreciation against the US dollar. This upturn is attributed to factors such as increased remittances from overseas workers, inflows of foreign investment, and the expectation of further financial assistance from international lenders. The Pakistani government's efforts to implement economic reforms and secure loans are also playing a role in bolstering the currency's value. However, the PKR remains vulnerable to risks including high inflation, a large current account deficit, and political instability. Both currencies' trajectories are closely watched as indicators of their respective economies' health and stability within the broader global financial landscape. find the original article here: https://finance.yahoo.com/news/rupee-recover-spotlight-india-pakistan-030220549.html