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India File: A perfect storm for the rupee
March 31, 20261:45 AM EDTUpdated 14 hours ago
A roadside currency exchange vendor counts notes in New Delhi, India, February 10, 2025. REUTERS/Priyanshu Singh/File Photo Purchase Licensing Rights, opens new tab
(This was originally published in the India File newsletter, which is issued every Tuesday. Sign up here to get the latest news from India and how it matters to the world.)
Battered by foreign outflows, an oil shock from the Iran war and fading investor conviction, the Indian rupee is closing the fiscal year with its worst annual performance in over a decade.
Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.
Will the government and the RBI be forced to dust off old crisis playbooks if the pressure persists? Write to me at ira.dugal@thomsonreuters.com, opens new tab.
And, India's largest private lender HDFC Bank is facing questions from investors after the sudden exit of its chairman. Scroll down for more on that
India File: A perfect storm for the rupee
By Ira DugalMarch 31, 20261:45 AM EDTUpdated 14 hours ago
A roadside currency exchange vendor counts notes in New Delhi, India, February 10, 2025. REUTERS/Priyanshu Singh/File Photo Purchase Licensing Rights, opens new tab
(This was originally published in the India File newsletter, which is issued every Tuesday. Sign up here to get the latest news from India and how it matters to the world.)
Battered by foreign outflows, an oil shock from the Iran war and fading investor conviction, the Indian rupee is closing the fiscal year with its worst annual performance in over a decade.
Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.
Will the government and the RBI be forced to dust off old crisis playbooks if the pressure persists? Write to me at ira.dugal@thomsonreuters.com, opens new tab.
And, India's largest private lender HDFC Bank is facing questions from investors after the sudden exit of its chairman. Scroll down for more on that