Washington: This year is likely to be “no easier” than 2013 for most Asian currencies including the Indian rupee and they will be exposed to periods of higher volatility, an HSBC report said today.
Many Asian currencies were stuck in a rut in last year, and this will likely be the case in 2014, according to the global brokerage major.
We see the renminbi (RMB), South Korean won (KRW) and new Taiwan dollar (TWD) riding out the storm better than the rest, HSBC said, adding that “we believe the Indian rupee.
(INR), Indonesian rupiah (IDR), Thai baht (THB) and Malaysian ringgit (MYR) will underperform the region but to different degrees.
Bureau Report
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