Post on Medial

Sairaj Kadam

Stealth • 15d

The Truth of the Rupee’s All-Time Low & Actionable Insights (5 Minute Read) The Indian Rupee (INR) recently fell to an all-time low of 84.1950 against the U.S. Dollar (USD). This decline follows a stronger USD, driven by early U.S. presidential election results showing Donald Trump ahead. As a result, the Reserve Bank of India (RBI) has stepped in, selling dollars to mitigate further depreciation. While the rupee weakened, it performed relatively better than other Asian currencies, which saw drops between 1% to 1.3%. Why Is the Rupee Weakening? U.S. Election Impact: The lead of Donald Trump in the U.S. presidential election has fueled a rally in the U.S. dollar. With Trump’s policies on trade tariffs and a stronger stance on global relations, the USD has gained momentum. Trump’s Trade Tariffs: Trump’s trade policies, including imposing tariffs on countries like China and India, have intensified market uncertainty. These policies have sparked a shift in investor sentiment, making the USD more attractive. Rising U.S. Treasury Yields: U.S. Treasury yields have surged, pushing up the value of the USD even further, which in turn puts pressure on global currencies, including the INR. What Can You Do in This Situation? Key Takeaways 1. Stay Informed on Global Events: Political events like the U.S. elections and Federal Reserve decisions can greatly influence global currencies. Understanding how these events impact the markets will help you stay ahead and make better financial decisions. 2. Keep an Eye on RBI Actions: The Reserve Bank of India frequently intervenes to stabilize the rupee during times of volatility. Monitoring these actions can give you insight into the possible limits of the rupee’s depreciation. 3. Diversify Your Investments: Given the current volatility, it’s wise to spread your investments across different asset classes—equities, bonds, or foreign assets. This will help mitigate the risks associated with currency fluctuations. 4. Understand the Impact of 'Trump Trades': With Trump’s proposed tariffs and his impact on global trade relations, the U.S. dollar could continue to strengthen. If you're considering currency trades, weigh the potential risks and rewards based on Trump’s policies. Conclusion: The Indian Rupee’s current weakness is influenced by global political and economic events, especially the U.S. presidential election and its aftermath. To navigate this volatility, it’s essential to stay informed, diversify investments, and understand the impact of U.S. policies on global markets. Remember: All financial decisions carry risks. This information is provided for educational purposes, so always do your own research and make informed choices.

7 replies10 likes
1
Replies (7)

More like this

Recommendations from Medial

Three Commas Gang

Stealth • 16d

Trump victory could favor global oil prices, defense tech, and pharma, says PL Capital. The brokerage notes that the U.S. election may significantly impact India's stance amidst geopolitical tensions, leadership changes in Bangladesh, and regional in

See More
0 replies2 likes
Image Description
Image Description

financialnews

Stealth • 15d

Donald Trump Wins The US Presidential Election . . . It Good For Indian Startup Ecosystem And also IT Industry....? What Tou Think

3 replies2 likes

Three Commas Gang

Stealth • 16d

The Indian rupee hit an all-time low of 84.13 against the USD, marking its fourth consecutive drop. Monday saw a previous low of 84.11. This dip occurs as investors closely watch U.S. elections on Nov 5. #IndianRupee #Forex #USDElection #CurrencyUpda

See More
0 replies2 likes
Image Description
Image Description

Sahil Shaikh

Stealth • 4m

Do you believe that the outcome of the US presidential election will have an impact on startups in developing countries? I believe so, but how? Because most businesses require cash flow, which can only be obtained by selling to individuals outside o

See More
2 replies3 likes
Image Description

Rajan Paswan

Stealth • 6m

What If the USA Filed for Bankruptcy Today? If the United States declared bankruptcy today, the immediate effect would be catastrophic. The value of the U.S. dollar would plummet, triggering a global financial crisis. Banks worldwide would face inso

See More
3 replies5 likes
Image Description
Image Description

Nawal

 • 

SELF • 5m

🔵 China’s Currency Ascends As De-Dollarization Gathers Pace ➡️ As of March 2024, over half of China’s international payments were settled in renminbi (RMB), surpassing the U.S. dollar (USD) for the first time. This marks a significant milestone in

See More
10 replies12 likes
Image Description
Image Description

Rajan Paswan

Stealth • 6m

What if Amazon launched its own cryptocurrency? How would it impact the global economy and traditional banking systems?

17 replies14 likes
1
Image Description
Image Description

Yash Barnwal

Stealth • 1m

🌍 The staggering scale of food waste is a global challenge. China, India, and the U.S. are the top contributors, with household food waste in China alone surpassing 108 million tonnes annually.

3 replies14 likes
5
Image Description
Image Description

Startup Memer

Stealth • 4m

Joe Biden has announced that he is withdrawing from the 2024 presidential race, endorsing Kamala Harris as the Democratic nominee. The election now stands between Donald Trump and Kamala Harris. Meanwhile, in the 17th episode of the 11th season of

See More
8 replies15 likes

SamCtrlPlusAltMan

 • 

OpenAI • 13d

The Surprise Election Night Winner: Perplexity On Tuesday, two AI startups, xAI and Perplexity, tried to position their chatbots as reliable, real-time sources of information during the high-stakes presidential election. Elon Musk's Grok, however, f

See More
0 replies38 likes
8

Download the medial app to read full posts, comements and news.