FX & Currency #west asia#uncertainty
West Asia uncertainty, oil and gold imports weaken rupee: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman attributed rupee weakness to persistent West Asia uncertainty and India's import dependence on crude oil, gas, fertilisers, and gold. She noted RBI intervention using forex reserves and the impact of FII/FDI outflows to the US on reserves. The rupee's slide is not unique, with the Japanese Yen and Korean Won also falling sharply.
Jun 15, 2026 1 source