India may have brokered a rupee truce, but hasn't won peace yet
- Posted on June 9, 2026
- By Business News Today
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- 1 min read
India may have brokered a rupee truce, but hasn't won peace yet
India has unveiled a package aimed at supporting the rupee without resorting to capital controls, a move seen as more market-friendly than during the 2013 currency crisis when overseas remittance limits were tightened. Instead, authorities are encouraging state-owned firms and banks to raise dollars abroad and bring them back to India, while offering concessions on hedging costs.
