The rupee has just hit an all-time low of 84.39 against the dollar after the latest U.S. election results… but could Trump 2.0 send it even lower?
SBI Research say, YES! As per this report, the Trump win could trigger an 8-10% drop in the rupee.
With intermittent drops and brief recoveries, we could soon see an exchange rate of 92 rupees per dollar.
The report also says that while a stronger dollar may lead to short-term capital outflows, a weaker rupee could offer a silver lining by providing an export advantage, boosting revenues for sectors like textiles, manufacturing & agriculture.
Historically, the rupee fell 28% during Obama’s second term and over 11% during Trump’s first term.
Also Watch: Air India Merger: Pilot's Emotional Announcement on Vistara's Last Day Flight