Experts at CareEdge Rating predict that the rupee might weaken even more in the coming years, though the Reserve Bank of India (RBI) may step in to try to stabilize it.
However, the report emphasizes that indirect impact of a global trade war could be more significant through weaker overall exports, investment and consumption sentiment, and currency volatility.
Since assuming office, President Trump has initiated multiple tariff actions against major trade partners, and on the horizon, he has threatened to introduce reciprocal tariffs targeting additional economies, the details of which are expected to be disclosed on April 2, 2025.
The story "Rupee at 89/$? Global uncertainty and impact on Indian financial market" has 870 words across 40 sentences, which will take approximately 4 - 8 minutes for the average person to read.
Which news outlet covered this story?
The story "Rupee at 89/$? Global uncertainty and impact on Indian financial market" was covered 4 days ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 359 news stories per day.
It's most recent story was published 5 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
