The Indian rupee had been holding regular in a band between 83 and 84 over the previous 12 months. However the tranquility has been damaged by Donald Trump’s victory within the US presidential elections. Expectations of pro-corporate and pro-US insurance policies have taken the greenback index larger, making use of stress on all EM currencies. However the rupee has misplaced much less floor in contrast with currencies of different rising economies resembling Russia, Brazil, Turkey and Mexico. A cordial relation between Trump and PM Narendra Modi and the RBI’s lively intervention within the foreign exchange market has saved the day for the rupee to this point
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Rupee turns flat at 84.42 against US dollar in early trade
The rupee turned flat at 84.42 towards the US greenback in early commerce on Thursday amid risky crude oil costs...
