INR breaks 13.00 baht again

Seeing $INR today surge past 13.00 baht to 13.16 baht, some might be happy to profit from the rupee. But from another perspective, it reflects something about Thailand's economic condition. The rupee's significant strengthening recently, contrary to India's economic fundamentals which don't seem to have fully recovered, especially when compared to our own stable situation, makes the baht's weakening against currencies like INR worth considering what factors are truly driving it.

Personally, I think it's more complex than just inflation or interest rates. Perhaps it's about overall market sentiment, which might be overlooking short-term fundamentals. Those holding long should be cautious.