Rupee At Record Lows: Can USD/INR Hit 100? Chandan Taparia Explains Key Levels

The Indian rupee remains under pressure against the US dollar, raising concerns about its impact on market sentiment and foreign investment flows. Chandan Taparia, Head Derivatives & Technical, Wealth Management, Motilal Oswal Financial Services, shares his outlook on the currency and explains why the rupee could remain on a depreciating trend. He identifies 95.50–95.75 as an important support zone for USD/INR and highlights 98.50–100 as key levels to watch on the upside. The discussion examines the psychological significance of the 100 mark and how continued rupee weakness could influence investor sentiment and the broader Indian equity market.