Rupee may hit 92 before stabilizing, says Motilal Oswal's Navneet Damani

• The Indian rupee slipped past 91 against the US dollar on December 16, hitting a fresh all-time low.
• Motilal Oswal's Navneet Damani predicts the rupee may weaken further to 91.50 or 92 before stabilising.
• The depreciation is linked to a technical breakdown after breaching 89, panic selling, and trade-related uncertainty.
• Foreign capital outflows from equity markets and rising global bond yields are also contributing to the rupee's pressure.
• The RBI's intervention has been less visible recently, but a stronger response is anticipated if the rupee approaches 92.

Why It Matters: Rupee's predicted fall to 92 impacts your finances and the economy.