Rupee, Most Other Asian Currencies Weaken on Economic Growth Worries -- Market Talk
Dow Jones03-20 13:39
0539 GMT - The Indian rupee and most other Asian currencies weaken against the dollar amid worries over economic growth in the region. "Economies of India, Philippines, Thailand, and Vietnam are vulnerable to higher global oil prices while the fiscal balances in Indonesia and Malaysia could see some deterioration," three economists of OCBC Group Research say in a note. However, "authorities across the region are stepping up policy actions to mitigate and manage the risks from higher global oil prices but also supply shortages of key energy input," they add. The dollar is 0.3% higher at 93.1950 rupees after touching record high 93.37 rupees on Thursday, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 01:39 ET (05:39 GMT)
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