Citi sees India tightening currency controls to halt Rupee slump
- Posted on May 20, 2026
- By Business News Today
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- 1 min read
Citi sees India tightening currency controls to halt Rupee slump
India may introduce more measures in the coming months to support the rupee and boost foreign reserves, including possible curbs on overseas investments by domestic companies, according to Citigroup. The report said rising oil prices and pressure on the current account deficit have pushed policymakers to consider steps to limit capital outflows and encourage foreign inflows.
