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Over the past month the rupee has depreciated on foreign portfolio outflows, broad dollar strength, and concerns about weak corporate earnings. The article expects Trump's proposed tariffs, tax cuts and fiscal policy to keep the dollar strong and US bond yields high in the short run.
A stronger dollar and higher US yields tend to keep emerging-market currencies such as the rupee under pressure, raising the cost of imported feed ingredients for India. The article is analysis of expected policy effects rather than a new event.
theprint.inRadhika PandeyNov 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
