Rupee slides up to 25 percent against nine currencies in a year as oil and outflows bite

It’s weakening broadly not just versus the dollar

The Indian rupee is weakening broadly across global currencies, falling as much as 25 percent in a year against nine major peers, not only the US dollar. Analysts link the slide to rising oil prices that pressure inflows and to foreign investor outflows. Further rupee volatility is expected, shaped by crude moves and geopolitical risks.