Asian Currency

Rupee: Rupee hits all-time low against dollar due to US-China tensions | India Business News


MUMBAI: The potential return of Donald Trump as US President had a negative impact on the rupee, causing it to close at 83.65 against the dollar — down seven paise from its previous close. The rupee hit an all-time low of 83.67 a month ago. A Trump presidency could have major implications: Proposed tariffs on Chinese goods might lead to continued high inflation in the US. Concerns about these tariffs are also impacting the yuan, contributing to a decline in the rupee.

We also published the following articles recently


Iran rejects ‘malicious’ accusations implicating it in plot to kill former US President Donald Trump

Iran denies involvement in alleged plot to assassinate former US President Trump. US authorities alerted about the scheme, which was not related to recent shooting incident at a Trump rally. The US National Security Council monitoring Iranian threats against former Trump officials after killing of Qasem Soleimani in 2020.

How Trump’s return may impact Indian, Chinese stock markets

Find out how stock traders in Asia are gearing up for a potential second term for former US president Trump. Market experts weigh in on how India, China, Taiwan, South Korea, and Southeast Asian economies could be affected by the outcome.

Who is JD Vance, Donald Trump’s pick for vice president?

Learn about Donald Trump’s selection of Senator JD Vance as his running mate. Vance, a millennial and former critic turned supporter, brings diverse experience to the role. Find out more about Vance’s rise to prominence and his potential impact on the upcoming election.



Source link

Leave a Response