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CapMint
@CapMintOfficial
The Rupee just hit 94.15. A new all-time low. 📉

Every major rupee crash had a trigger.

-1966: Government devaluation order.
-1991: Balance of payments crisis, IMF bailout.
-2013: US taper tantrum, FII exodus.
-2008: Lehman, global liquidity freeze.

This time: a war, $110 crude, $42 billion in FII outflows, and no ceasefire in sight.

Those were single-day shocks. This is a slow bleed.
RBI spent $18 billion defending the line. It still broke.

Bernstein says 98 is on the table this year.
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