BloomBerg — Oil’s advance to the highest since 2014 is squeezing the carry-trade returns on the Indian
rupee to a point where they are the worst in Asia.
While the nation’s nominal yields are the
second-highest in Asia, rupee weakness is
making the trade unprofitable.
dollars to invest in India would yield a negative 3
percent for the year so far, according to data
compiled by Bloomberg. That trade garnered a carry return of 12 percent in 2017... → Full Article