Rupee among top 5 EM performers

Although there might have been worries about the Indian rupee sliding on US interest rate hike fears, the local unit is still among the top performing emerging market currencies versus the dollar.

While the rupee was among the top fi ve EM currencies since the beginning of the year, it performed even better in the January to mid-April period. Markets had turned volatile after mid-April with rising US Treasury yields.

The Russian ruble remained the top gainer in both the periods, appreciating 16% and 15%, respectively...