| The Indian rupee is poised to end the year as the best-performing major emerging market currency versus the US dollar as hopes of economic and political stability drew funds despite a slide in peer currencies such as Russia's rouble and Brazil's real on fund flow back to the US expecting higher interest rates.
In contrast to 2013 when the rupee was the worst performer sliding about 12.36 per cent (according to ETIG data), the currency is down less than a percentage this year as foreign funds invested Rs 2.62 lakh crore or around $42 billion in equity and debt, data from the Securities and Exchange Board of India ( Sebi) showed...............................................Full Article: Source
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