Bitcoin

The Indian rupee's slide had been part of a broader EM currency weakness driven by a strong USD and risk aversion. If measures to boost foreign inflows succeed, it could improve sentiment toward EM assets globally, potentially easing the dollar's dominance and lowering the opportunity cost of holding non-yielding assets like Bitcoin.

Goldman Sachs stated that the Indian rupee's slide may be nearing a floor after authorities unveiled measures to boost foreign inflows.