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. TVC: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.
TVC: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??