The Indian rupee just crashed through the 90-per-dollar barrier—a level that used to feel untouchable. What's dragging it down? Stalled negotiations on a major trade agreement with Washington. Markets hate uncertainty, and right now, traders are pricing in frustration. Every delay in sealing that deal adds more pressure on the currency, and sentiment is clearly souring. It's a reminder that even symbolic thresholds can fall fast when the fundamentals shift.

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Layer2Observer

· 13h ago

The Indian rupee breaking 90 is basically due to the stalled US-India trade agreement. An interesting observation—the market is actually pricing in uncertainty, and every negotiation delay directly translates into exchange rate pressure. This logic chain is quite clear. However, whether a symbolic breakout is equivalent to a deterioration in fundamentals still needs to be clarified.

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MoonBoi42