Bitcoin Falls Short as Hedge Against Rupee Risk for Indian Investors
The Indian consumer price index (CPI) averaged 6.7% in 2022-23 and 4.45% in July 2026, but Bitcoin's performance against the rupee has been inconsistent.
BTC/INR combines dollar-price moves with USD/INR volatility, leading to larger gains and drawdowns than gold.
This combination of risks means that Bitcoin may not be a reliable hedge against local inflation or rupee risk for Indian investors.