💨 Abstract

The Indian rupee is expected to reach a record low on Tuesday due to a strong dollar and a slumping Chinese yuan following Donald Trump's U.S. election victory. The Reserve Bank of India's regular intervention is preventing a more significant drop. The dollar index is at its highest in over 4 months, and the offshore yuan has fallen nearly 2% since Trump's win.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖