Here's a roundup of the biggest news stories from India on Saturday, May 16 and Sunday, May 17: India's central bank and government are scrambling to salvage a sinking rupee as surging oil prices due to the conflict in the Middle East weigh heavily on the world's sixth-largest economy .  The rupee has dropped over 5% since the US and Israel conducted strikes on Iran in February, leading to the effective closure of the Strait of Hormuz and raising global oil rates.  The currency, which was