Rupee Hits Record Low Amidst Trump-Induced Asian Currency Pressure
TL;DR Summary
India's central bank is prepared to let the rupee weaken alongside the Chinese yuan following Donald Trump's election, which has raised concerns about increased US tariffs. This move aims to mitigate the impact of cheaper Chinese imports on India's trade deficit, with the Reserve Bank of India ready to use its reserves to manage the rupee's depreciation.
- India Ready to Weaken Rupee in Line With Yuan After Trump Win Bloomberg
- Rupee Weakens To All-Time Low Of 84.38 Against US Dollar NDTV
- Rupee falls to an all-time low as Donald Trump win pressures Asian currencies Hindustan Times
- USD/INR holds steady as traders await fresh catalysts FXStreet
- Rupee may slip to record low as worries over Trump win weigh on Asia FX Reuters.com
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