Rupee likely to extend slide as 90 breach cements weak bias, invites speculative bets

As the Indian rupee tumbles past the critical 90-per-dollar threshold, market dynamics are shifting. This breach invites a wave of speculative trading, with importers likely to hedge against further losses, while exporters may pause their sales, eyeing potentially enhanced rates. The central bank’s restrained intervention strategy only feeds the growing anticipation against the rupee’s value.