Loading…
The rupee kept falling after Donald Trump's election, reaching 68.86 against the dollar on November 24, below its previous low from August 2013. Foreign portfolio investors pulled $1.87 billion from equities and $3.67 billion from debt in November.
Emerging-market currencies broadly weakened, with the Mexican peso down about 11 percent.
Sustained foreign outflows and a stronger dollar raise the rupee cost of dollar-denominated imports and pressure Indian importers' margins. The article also points to a possible December Fed rate hike as a further source of dollar strength.
thehindubusinessline.comThe HinduBusinessLineNov 24, 2016Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
