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Rupee headed to 100? How much the psychological red line matters

Posted on October 5, 2026
By Business News Today
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1 min read

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Rupee headed to 100? How much the psychological red line matters

India's rupee has slipped past ₹96 as high US Treasury yields, elevated oil prices and foreign portfolio outflows strengthen the dollar. The IMF says India can allow the exchange rate to act as a shock absorber, while the RBI weighs intervention against reserves, inflation and external risks. Experts debate whether gradual depreciation could improve competitiveness without triggering imported inflation.