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Rupee ends FY26 as Asia weakest currency after near 10% slide
Economy
Published on 24 April 2026
RBI stepped in as foreign exits and dollar demand surged
The Indian rupee finished FY26 as Asia’s weakest currency, sliding 9.88% versus the US dollar. Analysts point to heavy foreign investor withdrawals alongside strong global dollar demand. The Reserve Bank of India intervened to curb volatility, while the Japanese yen also weakened. In contrast, the Malaysian ringgit outperformed peers.
- Rupee depreciated 9.88% in FY26 versus the US dollar
- Foreign investor withdrawals and global dollar strength drove the fall
- RBI intervention aimed to stabilize the currency
- Malaysian ringgit led gains while yen also declined
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times