💨 Abstract

The Indian rupee is expected to open near its lifetime low on Thursday due to increased bets on a stronger US dollar and higher US interest rates under the Trump presidency. The dollar's upward move has put pressure on the rupee, with the next potential level of decline at 84.50. The Reserve Bank of India is expected to defend the rupee, but its ability to do so may be limited by Trump's victory.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖