scorecardresearchMore Pain for Rupee Likely on India’s Trade Gap, Capital Outflow; 4 key points

More Pain for Rupee Likely on India’s Trade Gap, Capital Outflow; 4 key points

Updated: 01 Jul 2022, 09:53 AM IST
TL;DR.
India’s ballooning trade gap and capital outflows are raising new risks for the rupee, just as the currency’s plunge to a record low adds to inflation woes.
A vegetable seller counts Indian rupee notes in Mumbai on May 9, 2022. - The Indian rupee plunged to a fresh all-time low against the US dollar on May 9, as aggressive US monetary policy roiled sentiment and foreign investors continued to dump domestic stocks. (Photo by INDRANIL MUKHERJEE / AFP)

A vegetable seller counts Indian rupee notes in Mumbai on May 9, 2022. - The Indian rupee plunged to a fresh all-time low against the US dollar on May 9, as aggressive US monetary policy roiled sentiment and foreign investors continued to dump domestic stocks. (Photo by INDRANIL MUKHERJEE / AFP)