The Indian rupee is currently Asia’s worst-performing currency of 2025. It is heading for its biggest annual drop since 2022. This year’s weakness has been driven by higher US tariffs on Indian exports and an exodus of foreign investors from the local stock market. In a bid to stabilize the rupee, the Reserve Bank of India has sold more than $30 billion of foreign-currency assets since the end of July, according to Bloomberg Economics estimates. But on Nov. 21, the rupee slumped to 89.4812 against the US dollar.
Join Bloomberg's Jeanette Rodrigues, Anup Roy, Subhadip Sircar and Malavika Kaur Makol for a Live Q&A on Friday, 28 Nov. at 10 a.m. IST / 12:30 p.m. HKT / 11:30 p.m. ET to discuss the currency movement and RBI's intervention strategy at this crucial juncture. While anyone can listen to the conversation, Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team live questions. This conversation will be recorded and be made available to listen and share.