Trump's win prompts calls for Indian firms to be cautious on forex risks

Quick Summary:

The rupee's 3-month daily realized volatility this year has been in a 1 per cent-2.5 per cent range, way below the 10-year annual average of 5 per cent.

Investors are dumping Asian currencies, and the dollar is rallying against its major peers on bets that Trump's expected policies of lower corporate tax and deregulation would boost US growth.

The rupee dropped to an all-time low of 84.3625 to the US dollar on Thursday, adding to the previous day's losses when the election outcome prompted Asian currencies to plunge.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Donald Trump Forex market Stock market Forex Market news Stock market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 15:01:14 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23459889

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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