The year 2020 has been historically a tough year as the pandemic struck economies in an unprecedented way. The volatility and uncertainty sparked by COVID-19 pushed Indian rupee to hit a record high of 76.90 against the dollar, but the infusion of excess liquidity by both government and central bank across the globe supported the risk appetite and reversed the uptrend.

The Indian rupee weakened 3% against the dollar in 2020, making it the worst-performing currency among Asian peers. So, what’s the way forward for Indian currency in 2021. To discuss that, Mint’s Nasrin Sultana is in conversation with Rahul Gupta, head of research- currency, Emkay Global Financial Services.