Rupee worst performer this year, may fall to 73 on Kashmir tensions

India’s rupee has gone from being the best-performing Asian currency last quarter to the worst this year as rising crude prices and tensions over Kashmir weigh on sentiment.

The currency has slumped 2.4 percent since the end of December, missing the rally in its regional peers on optimism over U.S.-China trade talks. It weakened to 71.515 per dollar Monday, from as strong as 69.23 in early January.

“The risk for the India story, which is keeping the dollar well bid vis-a-vis rupee, is higher