Citi Sees India Tightening Currency Controls to Halt Rupee Slump
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Article Excerpt
pdc0fnugcmw0vfzl2p77czez_media_dl_1.png Bloomberg Article content (Bloomberg) — India may take a number of steps in coming months to bolster foreign reserves and the rupee, including possibly restricting outflows from businesses, according to Citigroup Inc. Article content The government has already taken several measures, including hiking fuel costs and increasing taxes on gold imports, to curb foreign outflows as soaring global oil prices put pressure on India’s current account deficit. Authorities may now consider steps to encourage foreign inflows, and could look at tightening rules on out…
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Jun 3, 2026