India entered 2018 with the resolve to turn around its economy, but signs of stress have shown up in one barometer: the currency.The Indian rupee, which strengthened 6.75 percent against the U.S. dollar last year, has been on a general downtrend since the start of 2018. The currency on Monday hit its lowest in 15 months to trade at 67.13 rupees against a dollar — that’s a 5.15 percent fall for the year so far.And the currency is expected to weaken further, according to analysts including those from Australian bank ANZ and Dutch lender ING.
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