💨 Abstract

On Wednesday, the Indian rupee weakened to a record low against the US dollar, as the U.S. presidential election boosted the dollar and affected Asian currencies. The rupee fell by 0.07% to 84.1725, with the dollar index reaching a four-month high of 104.9. This trend was due to early results favoring Republican candidate Donald Trump, prompting 'Trump trades.'

Courtesy: theprint.in

Summarized by Einstein Beta 🤖