![]() ![]() Earlier this year, the Reserve Bank of India increased corporate-bond investment limits and relaxed rules for foreign owners of government bonds.Īljazeera reports Indian Rupee Hits Record Low Amid Inflation, Credit Downgrade The rupee has been sliding despite central-bank efforts to prop it up and attract investment. ![]() Among other emerging markets, only Argentina, Brazil, Russia, Turkey and South Africa have performed worse. While most currencies have been losing ground against the dollar, the rupee’s 8% slide in 2018 makes it Asia’s worst-performing currency. The Rupee hit a Record Low against the US dollar today on oil and emerging market concerns.
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