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Rupee near 90 sparks CAD stress test for India Can it avoid the 2013 crash
Economy
Published on 24 April 2026
A 2013 style slide could return unless CAD improves fast
With the rupee hovering around 90, India is bracing for a potential current account deficit (CAD) stress test, recalling the 2013 episode when the currency fell nearly 29% in six months. Back then, India was tagged a “Fragile Five” economy. The key question now is whether stronger buffers and fundamentals can prevent a repeat during fresh depreciation pressure.
- Rupee around 90 reignites concerns over CAD and external stress
- 2013 saw a near 29% rupee fall in six months and “Fragile Five” branding
- The focus is whether India’s current buffers outperform those of 2013
- Currency moves may hinge on how quickly CAD conditions improve
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times