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

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The story "Trump&#039;s win prompts calls for Indian firms to be cautious on forex risks" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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

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.