Rafael Nadal to play against Ram Kumar Ramanathan on the first day of their Davis Cup World Group play-off tie in New Delhi on Friday.
Ram Kumar Ramanathan will take on Seong-Chan Hong, ranked more than 200 places below him, in the first singles match of the Davis Cup Asia-Oceania group-I tie between India and South Korea starting in Chandigarh on Friday.
Data showing foreign institutional investors have slowed their purchases in domestic shares further added to the weak sentiment.
The Reserve Bank of India late on Wednesday unveiled rules to restrict how much its citizens and companies can invest abroad and announced additional curbs on gold imports.
The problems are being compounded by perceptions that India is ill suited to defend the currency in the near-term.