Rupee Leads Weekly Decline in Asian Currencies Amid Fed Concern
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India’s rupee led the worst weekly loss for Asian currencies in more than a month as improving U.S. data added to speculation the Federal Reserve will pare monetary stimulus that’s fueled demand for emerging-market assets.
The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region’s 10 most-active currencies excluding the yen, fell 0.6 percent to 115.32 as of 5:37 p.m. in Singapore, the biggest five-day decline since June 21. The rupee weakened 3.1 percent to 60.9575 per dollar, Malaysia’s ringgit slid 1.5 percent to