New Delhi:
The Indian rupee might weaken by 8-10 p.c towards the US greenback throughout the second time period of Republican Donald Trump as US President. This estimate has been made in a analysis report of SBI. It’s noteworthy that the rupee had fallen to its all-time low towards the greenback on Monday.
The title of this SBI report is ‘US Presidential Election 2024: How Trump 2.0 will have an effect on India and the worldwide economic system’. It has been stated that the rupee might decline for a while towards the US greenback, after which the native foreign money will strengthen.
The potential for tariff will increase, H-1B visa restrictions and a stronger greenback might carry volatility within the quick time period.
The report additionally stated that in such a state of affairs, there are alternatives for India to develop its manufacturing, diversify export markets and enhance financial self-reliance.
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