The Indian rupee weakened to 90.98/$1 on Tuesday, nearing all-time lows despite a weaker dollar index. Sustained foreign investor exits from Indian equities and high government bond yields weighed on the currency. The central bank intervened by selling dollars to protect the 91/$1 level, but the rupee is expected to continue its depreciation bias.
States’ consolidated fiscal deficit widens 0.3 pc to 3.3 per cent in FY25: RBI
Indias states fiscal deficit has widened to 3.3 percent of GDP in fiscal year 2025. This increase stems from states borrowing more under a central
January 23, 2026