India Funding Strain Grows as Fed Outlook Hurts Rupee

India faces growing strain to fund the widest current-account deficit in major Asian nations after the rupee slid to an all-time low on concern the U.S. will curb monetary stimulus as its economy improves.

The deficit narrowed to $21 billion last quarter, from $32.6 billion or a record 6.7 percent of gross domestic product in October to December, the median of 10 estimates shows in a Bloomberg News survey before data due June 28. The Reserve Bank of India estimates the sustainable level at 2.5 percent of GDP.