RBI Intervenes as Indian Rupee Hits Record Low and Sri Lankan Currency Slumps

India’s central bank stepped into currency markets to support the rupee after it fell to a record low, while in neighboring Sri Lanka officials said a separate slide in the Sri Lankan rupee has been worsened by speculation that the currency will weaken further. Together, the moves underscore renewed pressure on South Asian currencies as global energy costs and market sentiment weigh on the region.