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Wednesday, October 21, 2026Updated 01:59 UTC

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Rupee to weaken further despite narrower current account deficit

Source: Economic Times · Oct 21, 2026 01:01 UTC

Main Street storefronts in the small town of Fowler, Colorado — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

The Indian rupee has depreciated significantly this year and is expected to weaken further due to global conditions. Despite improvements in the current account deficit, ongoing foreign portfolio outflows create pressure on the currency. High crude oil prices continue to inflate the import bill, exacerbating the rupee's depreciation. Recent interventions by the Reserve Bank of India aim to stabili

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