Indian rupee in free fall: What the govt is doing to lure foreign capital and lift currency
New Delhi, June 8 -- India's currency has been under pressure for quite some time, with the rupee touching record lows against the US dollar. This depreciation is caused by several factors, including economic uncertainty, record foreign fund outflows and a rising import bill, putting pressure on the country's fiscal.
The rupee has depreciated nearly 7% so far in 2026 and is down roughly 6% since the outbreak of the Iran conflict on 28 February. This situation has prompted the government and the Reserve Bank of India (RBI) to step up efforts to attract foreign capital and protect the domestic currency. Here are some measures that have been taken so far.
Under the Income Tax Amendment Ordinance, 2026, the government granted full tax exemp...
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