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Uday Kotak on rupee @ 90: Foreign investors pulling out money appear smarter now, but game isn't over

The rupees breach of 90 per dollar has amplified concerns over sustained foreign selling in Indian equities, with Uday Kotak warning that while overseas investors appear smarter for now, the long game remains uncertain. Heavy outflows, hedging demand, and weakening FDI have pushed the currency to its most fragile point in years.