Rupee lingers around bottom of Asia FX pile as global headwinds deepen

The Indian rupee has experienced a decline impacted by elevated crude prices and increasing global bond yields. During the last quarter, the currency fell 1.2%, and monthly losses reached 0.7%. Despite the downturn, the Reserve Bank of India managed to stabilize the rupee through interventions and support measures. Analysts expect the upcoming monetary policy decision to influence the currency's future movement.