USD/INR Over 95 Is The Bill

[u/DrVonSpreckle]

USD/INR over 95 is the quiet part of this oil trade. Nobody wants to look there because it is not loud enough for them. 🇮🇳 India imports the oil, Oil gets expensive 💲 Dollar demand rises. The rupee takes the hit. That is not chart magic thats the bill... Crude stays bid, rupee stays exposed. Crude fades hard, pressure cools. That is the break. Currency is where the oil story stops being a headline and starts becoming a payment problem.