🚨 The Indian Rupee hits an all-time low! 🚨 On Wednesday, the rupee slid to 84.1950 against the U.S. dollar—prompting the RBI to step in. But here's the twist: other Asian currencies like the Chinese yuan, Korean won, and Malaysian ringgit took an even bigger hit, falling 1-1.3%! Why? Early U.S. election results showing a strong lead for Donald Trump sent the dollar soaring 🌎💸. With a potential 10% tariff on all imports and a 60% tax on Chinese goods, Trump's economic promises are stirring global markets. The RBI, though, isn't letting the rupee freefall. They’ve likely been selling dollars to curb any sharp declines. According to experts, the rupee probably won’t dip below 84.25 anytime soon. 💡 Key takeaways: - Rupee drops, but other currencies fare worse. - RBI steps in to prevent bigger losses. - Trump’s election momentum boosts the dollar 📈. - Markets brace for possible tariffs on India and China. What do you think? Will the rupee stabilize, or is more volatility ahead? Share your thoughts below! 👇 𝗞𝗘𝗔𝗦𝗧𝗢𝗫 Best Stock Broker, Financial & investment Advisor, Equity, Commodity, Currency, SIP, Mutual Fund, PMS, Service Provider in Ahmedabad 📱+91 8989 1818 98 🌍 www.keastox.com #keastox #keaedu #keadigi #keagroup #Equity #Commodity #Currency #SIP #MutualFund #Insurance #Loan #Wealth #Management #Advisor #StockMarket #ShareMarket #StockBroker #SME #IPOListing #StartupInvestment #unlistedequity #privateequity #GDP #investments #indianeconomics #economy #Finance #financenews Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.
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India Cenbank likely steps in as trade deficit woes push Indian Rupee to record low #IndianRupee #TradeDeficit #IndiaEconomy #CentralBank #CurrencyFluctuation #EconomicNews #FinancialMarkets #IndiaBusiness #businesdor https://lnkd.in/dG77rniA
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Rupee sees relative gain as other currencies fall more vs $: RBI Full Article Link >>> https://lnkd.in/ggTQrTGR Welcome To Latest IND >> Fastest World News MUMBAI: A relatively weak rupee, in the short term, benefits India’s trade balance, a report published by RBI said. However, in the long run, a stronger rupee is more beneficial to trade balance. Trade balance is the difference between exports and imports of goods and services.The report, […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
Rupee sees relative gain as other currencies fall more vs $: RBI
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Rupee sees relative gain as other currencies fall more vs $: RBI Full Article Link >>> https://lnkd.in/gZYEZ9Bj Welcome To Latest IND >> Fastest World News MUMBAI: A relatively weak rupee, in the short term, benefits India’s trade balance, a report published by RBI said. However, in the long run, a stronger rupee is more beneficial to trade balance. Trade balance is the difference between exports and imports of goods and services.The report, […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
Rupee sees relative gain as other currencies fall more vs $: RBI
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India’s central bank is ready to let the rupee weaken in tandem with the Chinese yuan after Donald Trump’s election win spurred fears of higher US tariffs, according to people familiar with the thinking of policymakers. A depreciating yuan will lower the cost of Chinese goods, potentially leading to more imports and further widening India’s biggest trade deficit with any country. The Reserve Bank of India is poised to cushion the blow by allowing a weaker rupee, even while using its ample reserves to keep the fall in check. Analysts have already started revising their rupee forecasts. The currency will breach 85 to a dollar within 12 months, according to HDFC Bank Ltd., while IDFC First Bank Ltd. sees it hitting 84.50 much before its earlier projection of March. The rupee closed at 84.3750 Friday, posting its biggest weekly loss since May. Yet, it’s one of the least volatile currencies in the world, with the RBI using its substantial foreign-exchange reserves — now the fourth-largest in the world at more than $680 billion — to limit the rupee’s sharp swings. China is bracing for further yuan weakness if US President-elect Trump follows through with his pledge of imposing tariffs of as much as 60% on Chinese goods. The impact will reflect in currency weaknesses and trade flows across Asia. Keeping a tight lid on rupee in such a situation could further widen India’s trade gap with China, after it doubled in last three years to nearly $83 billion in 2023. “Given overvaluation concerns and to keep the rupee competitive – especially with a weakening yuan – the central bank could prefer an orderly depreciation in the rupee over the coming year,” HDFC Bank economists led by Abheek Barua wrote in a note. The rupee has traded in the 11.50-12 band against the yuan for most of the year. Both the currencies have broadly depreciated in line against the dollar so far in 2024 — the yuan is down 0.9%, while the rupee has dropped 1.4%. Contact us today, and let us demonstrate how can elevate your portfolio to new levels Contact Us: https://lnkd.in/gy7_gSAb Website: alphabinwanicapital.com Free Newsletter: bit.ly/AlgoNewsletter #Investing #ThematicInvesting #AI #Rupee
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𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗜𝗻𝗱𝗶𝗮𝗻 𝗥𝘂𝗽𝗲𝗲 𝘃𝘀. 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿 📉 Today's exchange rate dynamics are crucial for anyone involved in international trade, finance, or simply interested in economic trends. Here's what you need to know about the Indian Rupee (INR) against the US Dollar (USD): Current Rate: As of 09:25 PM PST, 17 November 2024, 1 USD equals 84.37 INR. Opening Rate: The Rupee opened at a record low of 84.40 INR to the USD, showing a slight depreciation from the previous close. Key Insights: 🇮🇳 The Indian Rupee's weakness is primarily due to sustained dollar demand, ongoing foreign investor outflows, and global economic shifts. 💵 Despite RBI's interventions, the pressure on INR continues, highlighting challenges in stabilizing the currency. 📈 This trend impacts import costs, inflation, and could influence RBI's monetary policy moving forward. What This Means for Businesses and Investors: Importers should brace for higher costs, potentially affecting pricing strategies. Exporters might see an advantage with a weaker rupee, boosting competitiveness abroad. #IndianRupee #USDollar #ForexMarket #EconomicTrends #Finance #GlobalTrade
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Arvind Subramanian et el are at it again https://lnkd.in/gS7JXjSa The truth is there is a pride in saying that Indian rupee compared to many other currencies have fared well and more stable Long has gone the benchmark that “so many months of imports’ worth of forex reserves”…it is now “our fire power” to the “others’ fire power” as "history" shows: China’s experience of losing around 1 trillion reserves in 2015 shows.. But then we have a benign feeling towards “History” If we think of Dornbusch's overshoot theory, initially all the adjustment is taken by the exchange rate and asset price (one of them could be stock prices) adjusts enough later.....but then ours is not an open economy in its purest sense with exchange rate interventions happening often . .... it appears thst FPIs might be getting an easier exit Interesting times...
The charts Indian policymakers should worry about - Read this story on Magzter.com
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Will depreciation of INR against USD benefit India in the global trade? Is letting Rupee depreciate a conscious call? What the trend suggests? How much did the INR fell against USD during previous tenure of #TrumpPresidency ? Read here my recent piece on the same 👇 Thanks to Madan Sabnavis ,Jahnavi Prabhakar, Gaura Sengupta Manoranjan Sharma for sharing their insights. #INRvsUSD #TrumpWins #IndiaUSTrade #TradeDeficit
Does India Stand to Gain from a Falling Rupee? Decoding the pros and Cons
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𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗜𝗻𝗱𝗶𝗮𝗻 𝗥𝘂𝗽𝗲𝗲 𝘃𝘀. 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿 📉 Today's exchange rate dynamics are crucial for anyone involved in international trade, finance, or simply interested in economic trends. Here's what you need to know about the Indian Rupee (INR) against the US Dollar (USD): Current Rate: As of 09:25 PM PST, 17 November 2024, 1 USD equals 84.37 INR. Opening Rate: The Rupee opened at a record low of 84.40 INR to the USD, showing a slight depreciation from the previous close. Key Insights: 🇮🇳 The Indian Rupee's weakness is primarily due to sustained dollar demand, ongoing foreign investor outflows, and global economic shifts. 💵 Despite RBI's interventions, the pressure on INR continues, highlighting challenges in stabilizing the currency. 📈 This trend impacts import costs, inflation, and could influence RBI's monetary policy moving forward. What This Means for Businesses and Investors: Importers should brace for higher costs, potentially affecting pricing strategies. Exporters might see an advantage with a weaker rupee, boosting competitiveness abroad. #IndianRupee #USDollar #ForexMarket #EconomicTrends #Finance #GlobalTrade
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Indian Rupee Emerges as Stable Option for Carry Traders The Indian rupee has positioned itself as a stable and cost-effective choice for carry traders, surpassing its counterparts in the emerging market, as indicated by Bank of America Corp. David Hauner, the bank's head of global EM fixed-income strategy, emphasized the rupee's low risk of depreciation, making it a safer bet in carry trades compared to other currencies. The stability is bolstered by the Reserve Bank of India's prolonged pause on interest rates and its record foreign exchange reserves, contributing to the rupee's status as one of the least volatile currencies in emerging markets. Remarkably, the rupee stands out as the only Asian currency to yield positive returns against the dollar in carry trades this year. Despite offering lower yields than the Mexican peso or Turkish lira, the rupee's potential for significant correction remains minimal, with Hauner estimating its fair value at around 82.50 to a dollar. This resilience underscores India's robust economic fundamentals and financial stability, as highlighted by RBI Governor Shaktikanta Das. # Thank you Rajesh Patel for your submission!
Indian Rupee Emerges as Stable Option for Carry Traders
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The Indian rupee remains among the best emerging market bets to ride out volatility from the closely contested US presidential election, supported by a central bank prepared to defend the currency with the world’s fourth-largest reserve pile. Traders have ramped up their search for havens, analyzing latest polling data that shows no clear leader in the race between Kamala Harris and Donald Trump before Tuesday’s vote. The uncertainty has pushed up the cost of hedging dollar movements over the next week to its highest levels since early 2020. The Reserve Bank of India’s near-record foreign exchange reserves have helped it maintain control over the rupee, making it less vulnerable to US election-related swings. Unlike many of its peers, the rupee is less susceptible to shifts in US tariff policies, given India’s domestic-oriented economy, according to MUFG Bank. Contact us today, and let us demonstrate how can elevate your portfolio to new levels Contact Us: https://lnkd.in/gy7_gSAb Website: alphabinwanicapital.com Free Newsletter: bit.ly/AlgoNewsletter #Investing #ThematicInvesting #AI #Rupee
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