Emerging market currencies under pressure.

The Indian rupee has been sliding against the US dollar again in recent times. With the rupee heading close to its all-time low, Indian policymakers are again worried. But is the rupee the only currency that has been tumbling? The answer is no. In fact, several emerging market currencies have been falling. The chart of the day shows the returns that worst performing emerging market currencies have delivered in the last one month.

Many have already started calling an end to the bull rally in emerging market currencies.

The decline in emerging market currencies is largely attributable to the expected economic recovery in the US and the chance of a consequent pull back of the QE program.

 

Data source: DNA Money