Rupee seen as good currency bet this year

Mumbai

INVESTING in Asia's worst-performing currency is all about the interest rate.

While the rupee fell 0.3 per cent versus the US 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 2.5 per cent from now until Dec 31, according to strategists' forecasts compiled by Bloomberg, the most in emerging Asia.