India’s Currency Crisis Deepens as $51 Billion Reserves Wiped Out

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India is taking extraordinary action to defend the rupee as its currency approaches record lows and foreign exchange reserves fall by $51 BILLION in just four weeks.

The Reserve Bank of India has announced new measures to reduce demand for US dollars, including direct dollar supplies to major oil companies and restrictions on currency trading.

With oil prices surging, the Middle East conflict continuing and US Treasury yields remaining elevated, India faces growing pressure on its currency, inflation and economy.

In this video, I examine what’s happening, why the rupee is falling and the implications for India and the global economy.

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