The Indian rupee is closing the fiscal year with its worst annual performance in over a decade. The country's largest private lender, HDFC Bank, is facing questions from investors following the sudden resignation of its chairman. The rupee, which sank to a record low of 95.21 against the U.S. dollar, has also weakened against regional peers, most notably the Chinese yuan. The oil shock means the rupee now faces a widening current account deficit, expected at 0.9% of GDP in the upcoming fiscal year. However, the expected hit to government revenues triggered the biggest spike in bond yields in nearly four years. The central bank will announce its next monetary policy decision on April 8.