Economy India may look to lock in oil futures to stem rupee slide Updated : September 21, 2018 11:37 AM IST The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India. The rupee, Asia's worst performing currency this year, has depreciated about 12 percent year-to-date against the US dollar, closing at 72.39 on Wednesday, after a record low of 72.99 on Tuesday. The government is expected to announce a set of measures to discourage non-essential imports to stem the slump in the currency. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.