Goldman Hails Modi Triumph as August Jinx Threatens Rupee Rally

Updated on
  • Currency weakened an average 2.3% in August in the past decade
  • Goldman says rupee among its top EM picks for carry returns

India's Prime Minister Narendra Modi.

Photographer: Daniel Irungu/EPA

Prime Minister Narendra Modi’s biggest legislative win in his two years in office seems to have come at just the right time for India’s rupee, given that August is typically the harshest month for the currency.

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