# Hopes fade for turnaround in Asia’s worst-performing currency of 2020 | Business News

> Bets on a rupee rebound in 2021 are facing headwinds after the RBI signaled it will keep buying dollars. Analysts expect the intervention to continue and keep the rupee weak against regional currencies. India's forex reserves reached a record $586 billion.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/49439-hopes-fade-for-turnaround-in-asia-s-worst-performing-currency-of-2020-business
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued RBI dollar purchases limit rupee strength, supporting higher dollar-denominated costs for Indian importers of feed inputs.

## Read by commodity

- USDINR: bullish ▲

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business/hopes-fade-for-turnaround-in-asia-s-worst-performing-currency-of-2020-101611212277220.html

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