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Rupee falls to record low on Trump's threat of 100% tariffs on BRICS

IndiaTimes Monday, 2 December 2024
The rupee hit a record low of 84.73 against the dollar, driven by strong dollar demand and Trump's tariff threats to BRICS nations. Weaker-than-expected Q2 growth and global factors compounded the decline. RBI intervention limited further losses, but analysts predict continued pressure with potential geopolitical tensions impacting the rupee's value.
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Video Credit: Oneindia - Published
News video: 'Say Goodbye to America': Trump Threatens 100% Tariffs on BRICS Nations Over De-Dollarisation

'Say Goodbye to America': Trump Threatens 100% Tariffs on BRICS Nations Over De-Dollarisation 03:38

 In a bold statement, US President-elect Donald Trump warns BRICS nations that they will face a massive 100% tariff if they continue with their push for de-dollarization, a concept championed by Russia and China. Trump made it clear that any country trying to replace the US dollar in international...

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