Highlights

Rupee may depreciate 8-10% under Trump 2.0, warns SBI Research report
Indian rupee hit record low of 84.39 after U.S. election results
USD/INR shows potential brief recovery after initial depreciation

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Trump 2.0 = Rupee 92? SBI Research Says It’s Possible

Name: Trump 2.0 = Rupee 92? SBI Research Says It’s Possible
Uploaded: 2024-11-12T15:43:01.000+05:30
Duration: T00M46S
Channel: Editorji News Desk
Description: SBI Research suggests the rupee could depreciate 8-10%, reaching 92/USD if Trump wins a second term. Recently hitting a record low of 84.39, the rupee faces potential volatility. Historically, it fell over 28% under Obama 2.0 a...

SBI Research suggests the rupee could depreciate 8-10%, reaching 92/USD if Trump wins a second term. Recently hitting a record low of 84.39, the rupee faces potential volatility. Historically, it fell over 28% under Obama 2.0 and 11% under Trump 1.0.

Updated: Sep 02, 2022 10:53

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Trump 2.0 = Rupee 92? SBI Research Says It’s Possible

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.

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