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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.
