The Indian Rupee is in Freefall—and the RBI is Fighting Back. But Will It Be Enough?
Asia’s most beleaguered currency in 2025 isn’t just struggling—it’s on track for its steepest annual plunge since 2022. The Indian rupee’s woes stem from a perfect storm: soaring U.S. tariffs on Indian exports and a mass exodus of foreign investors fleeing the local stock market. In a desperate bid to stem the tide, the Reserve Bank of India (RBI) has offloaded a staggering $30 billion in foreign-currency reserves since late July, according to Bloomberg Economics. Yet, despite these efforts, the rupee hit a new low of 89.4812 against the U.S. dollar on November 21. But here’s where it gets controversial: Is the RBI’s intervention strategy sustainable, or is it merely delaying the inevitable?**
Join Bloomberg’s Jeanette Rodrigues, Anup Roy, Subhadip Sircar, and Malavika Kaur Makol for a Live Q&A on Friday, November 28, at 10 a.m. IST / 12:30 p.m. HKT / 11:30 p.m. ET. We’ll dissect the rupee’s dramatic slide, analyze the RBI’s high-stakes intervention, and explore what it means for India’s economy—and your investments. While everyone can tune in, Bloomberg digital subscribers and Terminal clients get exclusive access to ask our experts live questions. Don’t miss this chance to hear directly from the pros—the conversation will be recorded and available for later listening and sharing.
And this is the part most people miss: Currency stabilization isn’t just about numbers—it’s a delicate balance of policy, politics, and global market sentiment. Could the RBI’s actions spark unintended consequences? Or is this the bold move India needs to weather the storm? Weigh in below—we want to hear your take!
