INR
Infinity Natural Resources, Inc.
stock NYSE

Wait a minute. RBI is shorting USD - they think there is a potential to benefit as they believe USD will weaken further… from an asset availability point of view they are well covered even if this short goes bad. If anything this is the confidence RBI (a major central bank globally) has in the base currency. And its a way to protect the declining value of their forex reserves (which are primarily in USD) against the basket of currencies.
How and why is it connected with INR depreciation? Can someone explain?

FIIs will either bear the losses or won't even pull out the money because they will wait for a turnaround. It's good if the RBI let's INR discover its own worth rather than supporting it with dollar selling , FCNR etc . This makes them even more difficult to pullout since their losses will. E huge.

USA is not different, they are literally bullying countries to do business or face sanctions or tarrifs. Also force not to use any other alternative currencies apart from USD.
Iran war is due to same reason Iran agreed to do trades in Yuan, Rubble or INR instead of US dollars. Venezuela regime change is for same region to avoid dedollarisation.
Russia Ukraine war is also instigating for same reason to avoid Russian currency as replacement.
Now they China to fight either India or Taiwan. Or India with Pak to create unrest in all viable replacements currency markets that can trade in alternatives

Can u explain further plz ? like : One purpose for the FCNR deposit was FX reserve , then why RBI swaps and defeat the purpose ? RBI swaps with banks right ? If so then isn't initial swaps of banks with RBI for USD to INR useless ?

This issue pops up frequently, and many traders don’t know what’s behind…here it the essence: the reason top brokers don't get RBI authorisation isn't that they're shady, scam or whatnot. it's because Indian law only allows trading on INR pairs through SEBI exchanges

Wait gov has short position on dollar right against INR? How and why did they think of this when Tax tai herself said that INR might hit 105 against dollar?? So currently they're in loss right??

ask your bank for its USD TT selling rate on the day you send, then check the live USD/INR rate on Google or xe.com at the same time. the gap between the two is the bank's cut. on top of that there's usually a flat wire fee, so ask for both before you move anything.

Your Acc XXXXXX1007 is credited for INR 1 on 01-Oct-26 UPI Ref No 6949835281

I never really paid much attention to US stocks before. My thinking was pretty simple, I already had Indian stocks, mutual funds and gold to keep track of. Why add another market and make things more complicated? But after seeing my Indian portfolio getting hit again and again over the last couple of weeks, I started thinking differently.
It is not like that US stocks are some safe place where you can't lose money. Obviously they can fall too. But I started wondering if having everything tied to the Indian market is really a good idea. I am looking at my portfolio and thinking "how much more can this fall?" Then I look at some US companies I've been following and think "maybe I should have started earlier."
Which is probably exactly how people end up buying at the wrong time. I finally put some small amounts into US stocks just to understand it better. I was already using hdfc sky, so I ended up trying the global investing option there rather than setting up something completely separate. Still very early for me, so I can't really say whether it was a good decision or not.
There are some things I am still getting used to. USD/INR, taxes, currency conversion, US market timings etc. A US stock being up 5% doesn't necessarily mean I'm getting exactly 5% in rupee terms. I am also trying not to look at US stocks as a solution to my Indian portfolio falling. That's probably a good way to end up chasing whatever is currently green.
For now, I'm just thinking of it as diversification and keeping the amount small.

I’m looking to invest in US stocks, foreign mutual funds & ETFs from India.
Which brokerage platform would you recommend for low fees, easy INR funding, good FX rates, and long-term investing?

No new account needed. IBKR accounts are multi-currency, the dropdown you're seeing is just the deposit currency for your funding method — for Indian bank transfers that's INR, so that's all it offers you there.
To buy US stocks you need USD in the account. The easy way is Client Portal → Transfer & Pay → Convert Currency, pick INR to USD, done in seconds at the live rate with a small commission. The other way is trading the USD/INR currency pair directly from TWS, which is basically the same thing with more control over the price.
Once you hold USD you can buy US stocks normally, settlement comes out of the USD balance. There's no separate global account to open.
One thing to keep in mind on the funding side: Indian residents fund through LRS, and it's your bank that enforces the yearly limit on that route, not IBKR. Beyond that the conversion flow is the same for everyone.

what is "middle" in your opinion? if a set of numbers from 1 to 99 - what is "middle"? Is it the range from 80-95 - is that middle?

Because, when people keep harping on 'middle class' they really tend to forget that the GDP per-capita is only around INR 20k "per month". That is the value being added by the average person.
Individuals LARPing as middle-class "often" turn out to be the top 15% who earn around 40-50k per-month and often times far more than that.

Sounds like you opened the wrong account type, IBKR has a specific entity for Indian residents that locks you to INR. You'd need to open an account under IBKR US or IBKR LLC to get multi-currency access. Check their fund transfer FAQ for the exact steps, but you'll most likely have to start fresh with the right entity.

Higher US bond yields and weak INR will drain majority of FII money from the Indian markets.
Simple logic is - If FII's are getting higher yields at home country and that too with sovereign guarantee why would would they invest outside especially in India where they loose money due to LTCG, weak INR, no AI play.
Same is happening in gold/silver etc. Investors are adding bonds and shedding equity and bullion.

TBH, this deal is going on for such a long time that any news regarding this topic, retailers are taking with pinch of salt...
The IT industry will only work when FII return & when the west understands that software companies in India are body shop.. just because 1 or 2 do give decent promises, the wow & yoy be great & the cost elsewhere (poland, taiwan, even in UK) for SaaS is working out better than India
The resurrection of IT is not a few months turnover story & even if deal is done, it would be just short time strategic deal but won't be lasting because there are issues which are non-negotiable & they should not set bad precedent for next years
I don't want to sound pessimistic but let's be real with the geopolitical situation, yeilds, oil, wars & state of economy in usa where midterm are just around the corner & the probability of result is going other way, in such event - the market there would correct & Indian market will feel the punch... this is going to converge around diwali time where midterm results be announced
so , unless there is proper deal, oil goes down & so do yeilds, where INR gains & above all - the companies that give great qoq & yoy results, only than market turns positive & gathers momentum

Wow...brilliant response. For 99.999% of retail Indian traders/investors, IBKR is overkill and creates funding hurdles because you can't just open your account in INR and just start trading US stocks. The top 5 brokerages in India (zerodha, groww, upstox, angelone, dhan) have 30M accounts. IBKR has a few thousand; they aren't even ranked in the top 50.

In addition, India has the largest derivatives market of any country in the world - multiples more than the US - and IBKR's market share in this is essentially 0%. I'm not saying that IBKR isn't great; I'm saying that they are a poor choice for the India market (and clearly not used there).

INR devaluation depends more on foreign exchange reserves and balance of payments

Or same ? Should we factor in the opportunity cost involved in these recoveries? Also, what about the INR depreciation against the US dollar?

yes 1.5 lakh in INR

Could be. The INR half of the question is what made me read it as India. On the US side I do not follow it closely enough to have a useful view.