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🇮🇳 $USDT Premium in India Spikes to ~8.6% as Supply Crunch Bites
USDT is trading ~₹102.38 on CoinDCX vs official USD/INR ₹94.26, an ~8.6% premium, up from the usual 5–7%.
Why?
🔹 ED crackdown (June 17): raids on 6 locations, ₹6 cr frozen, filed under FEMA
🔹 Key NRI remittance channel disrupted → USDT inflows down
🔹 Market dip added buy-side demand on thin local books
Supply down + demand up = premium spike.
Watch July 2: Parliament panel meets RBI & ICAI on Virtual Digital Assets.
Indian traders are paying a real surcharge to enter right now.