India’s rupee advanced the most in Asia on Thursday as the central bank stepped in to shore up the currency after it weakened to a record low in the previous session.
Bundles of 500 rupee banknotes at a currency exchange in New Delhi, India, on Saturday, Aug. 30, 2025. The Indian rupee slumped to a record low versus the dollar on concern that 50% US tariffs will hurt the country's economic growth and corporate earnings. Photographer: Prakash Singh/Bloomberg