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Re hits record low of 84.38 as dollar surges after Trump win

IndiaTimes Thursday, 7 November 2024
The Indian rupee fell to a new low against the US dollar, closing at 84.37, driven by foreign investors selling equities and a strengthening dollar following Donald Trump's presidential victory. Despite outperforming some Asian currencies, the rupee faced pressure from strong dollar demand. Analysts predict further depreciation before potential recovery, contingent on global factors like the situation in West Asia and the impact of Trump's policies.
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