Will Trump's Comeback Weaken the Indian Rupee?
The 2024 Presidential Election in the United States returned Donald Trump to power. And this occurrence is significant for us Indians since SBI has predicted that the Indian rupee will depreciate by 8 to 10% as a result of Trump's victory. During his first tenure, the Indian rupee depreciated by almost 11%. This article discusses practically every facet of the Indian currency's depreciation as a result of the 2024 US Presidential Election. Let’s begin with a little “wait what?” moment. Does this look like an alarming thing? Well, Depreciation of Currency is not always an alarming situation. Let us dive into this very complex yet interesting thing. What is Currency Depreciation? Currency Depreciation occurs when a currency loses its value against another foreign currency. In other terms, if buying a foreign good becomes more expensive than before, it indicates currency depreciation. For example, if you used to pay Rs. 80 for a 1 USD goods and now had to pay Rs. 88, it