December just kicked off with the rupee crashing through 90 against the greenback—a brutal milestone capping eight straight months of bleeding. What's fueling this freefall? A perfect storm: capital hemorrhaging out for trade settlements and overseas investments, while corporates scramble to lock in hedges fearing things could get uglier. The selling pressure's relentless, and that 90 barrier? Gone like it was never there.
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MoonRocketTeam
· 10h ago
90 has been broken, the booster has completely fizzled out, bro. Eight months of free fall is really something else.
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Frontrunner
· 10h ago
The recent movement of the rupee is really incredible; it can't even hold 90. It's clear that capital is fleeing.
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SelfStaking
· 10h ago
The rupee has crashed, it can't even hold 90... Life is going to get even harder in India now, capital flight is really deadly.
December just kicked off with the rupee crashing through 90 against the greenback—a brutal milestone capping eight straight months of bleeding. What's fueling this freefall? A perfect storm: capital hemorrhaging out for trade settlements and overseas investments, while corporates scramble to lock in hedges fearing things could get uglier. The selling pressure's relentless, and that 90 barrier? Gone like it was never there.