Rupee may depreciate 8-10% during 2nd Trump presidency, says SBI report

The State Bank of India predicts the Indian Rupee might weaken against the US dollar if Donald Trump returns to power, potentially reaching between Rs 87 to Rs 92. However, the bank assures this depreciation would be short-lived, with the rupee eventually strengthening. While a weaker rupee could benefit exports, it might also slightly increase inflation and import costs. https://ift.tt/CMtzf6L