# Global funds shunning India turns Rupee into worst Asia currency

> The rupee was set to finish 2021 as Asia's worst-performing currency, with global funds pulling about $4 billion from Indian equities. Goldman Sachs and Nomura had cut their outlooks on Indian stocks, and the currency fell 2.2% in the quarter. A record trade deficit and policy divergence with the Federal Reserve also weighed on the rupee.

- Date: 2021-12-21 · published 2021-12-21T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/43894-global-funds-shunning-india-turns-rupee-into-worst-asia-currency
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued rupee weakness makes dollar-priced imports more expensive for Indian buyers and could push domestic inflation higher. This would support higher local feed input costs.

## Read by commodity

- USDINR: bullish ▲

## Sources

- indianexpress.com: https://indianexpress.com/article/business/market/global-funds-shunning-india-turns-rupee-into-worst-asia-currency-7683074/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.