Reported 14 days ago
India's central bank plans to allow the rupee to weaken alongside the Chinese yuan after Donald Trump’s election win raised concerns over increased US tariffs. This potential depreciation aims to keep the rupee competitive amid fears that a falling yuan could further widen India's trade deficit with China. Analysts predict significant depreciation for the rupee in the coming year, which could benefit sectors like textiles and manufacturing while maintaining stability despite recent losses.
Source: YAHOO