(Bloomberg) -- The Indian rupee, the best performing
Asian currency this year, will decline as the central bank sells
it to protect the nation's exporters, a survey of traders shows.
A slowdown in the pace of inflation to an eight-month low
may give the Reserve Bank of India room to increase rupee sales,
after scaling back dollar purchases in March and April. The
currency gained 9 percent this year to a nine-year high, helping
reduce the cost of imports and pressure for price increases.
Read more at Bloomberg Currencies News
Asian currency this year, will decline as the central bank sells
it to protect the nation's exporters, a survey of traders shows.
A slowdown in the pace of inflation to an eight-month low
may give the Reserve Bank of India room to increase rupee sales,
after scaling back dollar purchases in March and April. The
currency gained 9 percent this year to a nine-year high, helping
reduce the cost of imports and pressure for price increases.
Read more at Bloomberg Currencies News
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