The Indian rupee ended FY26 as Asia’s weakest currency against the US dollar. It depreciated by 9.88% due to significant foreign investor withdrawals and strong global dollar demand. The Reserve Bank of India intervened to stabilize the rupee. The Japanese yen also saw a decline. The Malaysian ringgit emerged as the top performer.
No need for a rate hike unless inflation spikes: Economists
Bank economists have told the Reserve Bank of India that there is no immediate need to raise the repo rate or change the monetary policy