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Oil Price Increase to $70 Turns Indian Rupee Into Worst-Carry Trade in Asia

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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.
Borrowing in 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




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