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Asia's Worst-Performing Currency May Be Best Bet This Year

  • Rupee `remains a very attractive play' over one year, ING says
  • Indian currency forecast to give 2.6% total return by year-end
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Rupee Rebounds, India Reserves Soar

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Investing in Asia’s worst-performing currency is all about the interest rate.

While the rupee fell 0.4 percent versus the dollar this year, flows from stock investors turned positive in March amid slower inflation, an improved current account and budgetary discipline. Including interest, investing in rupees will earn 2.6 percent from now until Dec. 31, according to strategists’ forecasts compiled by Bloomberg, the most in emerging Asia.