The Indian rupee fell past the 95-per-dollar level for the first time, reaching a record low amid intense market volatility. Although it initially showed signs of recovery, the currency later gave up its gains and declined further during trading. The rupee’s fluctuations highlight mixed market positions, with investors both supporting and betting against it, raising concerns about underlying pressures and speculative moves. This has also sparked questions about who stands to gain from the currency’s ongoing weakness. The Reserve Bank of India has intervened to support the rupee, but volatility continues as both global and domestic factors impact market sentiment.

Disclaimer: This video is taken from WION.