New Delhi: The Indian currency (INR) has experienced a significant decline against the Pakistani rupee (PKR) over the past 12 months, a period that coincided with the announcement of ceasefire by US President Donald Trump after the 88-hour-long Operation Sindoor in May 2025. On May 15, 2025, the exchange rate stood at 3.2913 PKR per INR By May 18, 2026, the rate had fallen to 2.9010 PKR per INR This represents a depreciation of approximately 11.86%, with a 6.8% fall in the year 2026 alone.

This sharp decline demonstrates that India’s economic challenges are not merely a result of the global strength of the dollar or the crisis in West Asia. Instead, these figures highlight fundamental weaknesses in domestic policy and economic management under the leadership of Prime Minister Narendra Modi.

The Indian rupee has been the worst performing currency in Asia in 2025 and continued to be the worst performing in the current year. The Indian rupee has also weakened against the Bangladesh taka in the same period, from 1.42 to 1.28 taka per rupee, a fall of nearly 10% in the year.

The Modi government often attributes the weakness........

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