<ul><li>The rupee is facing more headwinds from the outlook for a weaker yuan.</li><li>The relationship between the yuan and the rupee has climbed to the highest level since May 2023.</li><li>The rupee has fallen about 0.3% this month, while the yuan has declined about 0.7%, adding to the competitive pressure on the rupee.</li><li>The Reserve Bank of India may be comfortable with some amount of rupee depreciation to maintain competitiveness if other Asian currencies are also depreciating.</li></ul>

Rupee faces more headwinds from outlook for weaker yuan

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