USDINR - all time highs will be taken out in November?

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium.
83.4210 is the current ATH. Today we went up to 83.3010. DXY at 107.

Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that interested.

US30Y quoting 4.945% looks exciting from a debt perspective !

A rising USDINR means the INR is getting devalued. Calendar year 2022 saw an erosion of 11.07%, YTD is only 0.61% - will the rising US yield + war in middle east further erode the Indian Rupee??


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