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Rupee may depreciate 8-10% during Trump 2.0: SBI report
Millennium Post Delhi
|Delhi 12 November 2024
As per our estimate, a 5 per cent decline in rupee will increase inflation by 25-30 bps. So, the impact will be very less on inflation,' it said
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The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday.
The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation.
"Trump's victory introduces a mix of challenges and opportunities for India. While the potential for increased tariffs, H-1B restrictions, and a strong dollar could bring short-term volatility...But it also presents India with long-term incentives to expand its manufacturing, diversify export markets, and enhance economic self-reliance," it added.
It further said the 10-year yield shows no obvious trends, and the effect will be context-sensitive, going ahead.
Denne historien er fra Delhi 12 November 2024-utgaven av Millennium Post Delhi.
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