The rupee has had its roughest stretch in over a decade, sliding from ~90/$ to record lows past 96/$ and coming out as Asia's worst-performing currency in 2026. A widening CAD, sustained FII outflows, high crude prices and narrowing rate differentials are all pushing in the same direction, and the RBI has been drawing on reserves just to slow the pace of the fall. For CFOs, this has stopped being a trading desk problem. Hedging programs, offshore borrowing costs and even domestic pricing decisions now sit downstream of a currency that could stay weak for a good while yet.

In this session, Manoj Goel will separate what is fundamental in this year's slide from what is just noise, and what that means for treasury policy. He has spent over two decades on the corporate FX and treasury advisory side working with India's largest corporates. Mr Goel will examine how hedge ratios and tenor should shift if 94-97/$ turns out to be the new working range; what sorts of natural hedges work; and what CFOs ought to be doing this year to stress-test their balance sheets for a rupee that stays weak for longer.