Rupee weakens below 90, inflation risks highlighted
after close1 source ↓written by the desknot a recommendation
- in inflation
- 0.35% increase
The rupee has fallen to fresh lows below ₹90 per dollar, driven by weak capital flows and uncertainty surrounding the US-India trade deal. REER depreciation of 12.1% over the past year raises inflation concerns, with a potential 0.35% increase in inflation from a 5% REER drop. Bank of America suggests short-term mitigation is possible.
Not investment advice. For informational purposes only.