Bungalow Meeting Spurred Indian Overhaul Now Facing Biggest Test

Bungalow Meeting Spurred Indian Overhaul Now Facing Biggest Test

Prashanth Vishwanathan/Bloomberg

In the year prior to the policy revamp, the rupee had declined more than 14 percent. Since the campaign began with the announcement on increased diesel tariffs, it’s been the second best-performing currency among emerging market nations tracked by Bloomberg.