NEW DELHI: The worst of rupee's decline may be over as the US Federal Reserve may dial down the pace of monetary tightening in the second half of 2022, a report by SBI Research said. The Indian currency has depreciated almost 7% against the US dollar so far in this year.
Moreover, after analysing the movement of rupee against the US dollar since global financial crisis period, SBI Research found that there were only three instances where the pace of currency depreciation lengthened more than four quarters.
