Indian rupee logs over 4% gain this fiscal amid headwinds on economic front | Deccan Herald

The Indian rupee has logged over 4 per cent gain so far this fiscal, as sustained foreign fund inflows and the RBI’s deft policy manoeuvring ensured a strong year for the Indian currency despite headwinds on the economic front, according to experts. The local unit is likely to average around 73.50-74 in the financial year 2021-22, as despite a vaccine, the coronavirus hysteria still persists and may continue to grapple the foreign exchange market, experts said. The financial year 2020-21 has been a roller-coaster ride for the rupee due to Covid-19. The pandemic-induced massive sell-off in the equity market led…