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Rupee Hits All-Time Low; Options Market Shows Calm
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Rupee is at record low, but options markets not expecting large swings.
The Indian rupee dropped to a record low near 88.79 per US dollar, driven by concerns around elevated US tariffs and the higher H-1B visa fees, which threaten export margins. However, the options‐market implied volatility has not surged: three-month and one-year implied volatility remain near recent lows, signaling that traders are not expecting sharp swings ahead. Corporate hedging activity and subdued speculative demand are helping anchor volatility.