Rupee depreciation driven by trade deficit and US pact
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹90
The Indian rupee has depreciated significantly, crossing ₹90 against the US dollar this month, influenced by a rising trade deficit and developments in the US trade agreement. Key factors include the Dollar Index, capital flows, and crude prices. While depreciation may enhance export competitiveness, it could also increase import costs, impacting the economy.
Not investment advice. For informational purposes only.