India’s rupee broke, plunging and I mean plunging Friday to a new record low and once again embarrassing the country’s central bank which had been intervening heavily for the past month. The funny thing is, there really wasn’t much of a trigger to it, at least not on the surface. The rupee continues to be a major global bellwether that often has less to do with India specifically. This once again appears to be one of those cases especially with the dollar making big moves against other important currencies, too. Eurodollar University's Money & Macro Analysis ------------------------------------------------------------------- Get the free guide that breaks down the real economic signals behind America’s shrinking consumer demand, and how to protect your wealth before the slowdown hits your income: https://web.eurodollar-university.com/home ------------------------------------------------------------------- Bloomberg Indian Rupee Sinks to All-Time Low as RBI’s Absence Sows ‘Panic’ https://www.bloomberg.com/news/articles/2025-11-21/indian-rupee-slides-to-record-low-on-delay-in-us-trade-deal Bloomberg Korean Won Approaches Dollar-Sale Trigger Zone Before Rate Call https://www.bloomberg.com/news/articles/2025-11-24/korean-won-approaches-dollar-sale-trigger-zone-before-rate-call https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU
