India's biggest private bank just dropped a bold forecast: the rupee could tumble to 92 against the dollar if Washington and New Delhi can't hammer out a trade agreement soon. That's not just a number—it's a signal of how geopolitical friction bleeds into currency markets.

For anyone watching crypto flows in South Asia, this matters. A weaker rupee typically pushes local investors toward dollar-pegged stablecoins as a hedge. We've seen this pattern before: currency uncertainty = rising on-chain activity in USDT and USDC from Indian wallets.

The bank's analysts are basically saying: no deal, more volatility. And volatility in traditional finance? That's often a catalyst for alternative asset adoption. Keep an eye on INR/USD charts—they might tell you more about regional crypto appetite than you'd expect.