Following is the monthly chart of USD/INR since last almost 45 years.
The key observations from the chart are:
1. USD may have formed a major top in Feb 2016 at 68.909 and is undergoing correction since then.
2. It may also be possible that the secular bull market in USD ended at the above mentioned major top.
3. The peak rise in USD vs INR was during 190-1991. USD rose almost 50% against Indian Rupee. This is what happens during peak wave 3.
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