On Wednesday, the Indian rupee tumbled to an all-time low of 84.23 against the US dollar following early reports from the 2024 U.S. presidential election, showing Republican candidate Donald Trump in the lead over Democrat Kamala Harris. As markets responded to the emerging political landscape, the dollar surged, putting downward pressure on the Indian rupee and other Asian currencies. This volatility could have broader implications for India’s economy, especially in areas like trade, foreign investment, and inflation. This article unpacks the reasons behind the rupee’s sharp decline, explores the potential…
Indian Rupee Hits Record Low as Trump Leads in US Election: What This Means for India’s Economy
