Trump's Comeback Could Weaken the Rupee Against Dollar. Here is How | Vantage with Palki Sharma

Trump's Comeback Could Weaken the Rupee Against Dollar. Here is How | Vantage with Palki Sharma

A new SBI report predicts the Indian rupee may depreciate 8-10% against the US dollar during a second Trump presidency. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India’s and Global Economy, outlines both risks and opportunities for India, including possible volatility from a stronger dollar, tariffs, and H-1B restrictions. Despite these challenges, Trump’s policies could encourage India to boost manufacturing and diversify exports. Foreign direct investment (FDI) patterns may shift as India attracts FDI to new sectors like renewable energy and medical devices, potentially offsetting declines in traditional industries.

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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

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