Indian Rupee Depreciation Hits 91: Stark Warning for Equities

Mumbai (Maharashtra) [India], December 16: The Indian rupee has crossed 91 against the U.S. dollar. That single number is now echoing across bonds, stocks, and investor confidence.

What began as a currency wobble has morphed into a broader market warning. Both foreign and domestic investors are reassessing risk, and equities are feeling the heat.

Indian equities are clearly feeling the strain. Both benchmark indices opened lower and never found their footing through the session. The SENSEX…