India’s central bank is allowing the rupee to weaken due to slowing dollar inflows, widening trade pressures, and heavy foreign selling. The Reserve Bank of India is shifting focus from defending specific exchange rates to preventing disorderly movements, as the rupee becomes Asia’s worst-performing currency this year.India’s central bank is allowing the rupee to weaken due to slowing dollar inflows, widening trade pressures, and heavy foreign selling. The Reserve Bank of India is shifting focus from defending specific exchange rates to preventing disorderly movements, as the rupee becomes Asia’s worst-performing currency this year.
