🇮🇳 Rajan dropping truth bombs: India needs to stop burning reserves to prop up the rupee

Former RBI Governor basically saying let it slide. Protecting currency with reserves is a losing game when macro forces are against you.

This matters for crypto:
→ Weaker rupee = more Indians looking at $BTC/$USDT as store of value
→ Reserve depletion = potential capital controls tightening
→ INR instability = perfect narrative for decentralized alternatives

Watch the INR/USD chart. If they stop intervening, expect volatility and local premium pumps on CEXs