RBI's efforts fail to stem rupee's slide as it teeters near record lows again

The Indian rupee is near a new low after recent interventions by the Reserve Bank of India (RBI) failed to provide sustained support, leaving it as Asia's worst-performing currency this year. The central bank's efforts have provided only limited respite from the ongoing slide. Uncertainty over interest rates and economic growth continues to weigh on the rupee. The RBI has again defended the currency, citing strong fundamentals and a supportive policy framework.