💨 Abstract

The Indian rupee fell to a record low on Wednesday due to a rise in the dollar and U.S. bond yields following Donald Trump's claimed victory in the U.S. presidential election. The Reserve Bank of India intervened to limit losses, but the rupee is expected to weaken further due to the strength of the dollar and the Chinese yuan's depreciation. Trump's policies may exert upward pressure on U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖