A pedestrian walks past an Indian rupee symbol installation outside the Reserve Bank of India (RBI) building in Mumbai on May 17, 2026. India is scrambling to salvage a sinking rupee that hit a record low of over 96 to the dollar on May 15, as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The currency has dropped more than five percent since the crisis erupted in February, extending losses from 2025 and making it Asia's worst-performing major currency in 2026 so far. (Photo by Punit PARANJPE / AFP via Getty Images)