Rupee hits all-time low against dollar due to US-China tensions | India Business News – Times of India

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July 19, 2024

MUMBAI: The potential return of Donald Trump as US President had a negative impact on the rupee, causing it to close at 83.65 against the dollar — down seven paise from its previous close. The rupee hit an all-time low of 83.67 a month ago. A Trump presidency could have major implications: Proposed tariffs on Chinese goods might lead to continued high inflation in the US.Concerns about these tariffs are also impacting the yuan, contributing to a decline in the rupee.

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Rupee hits all-time low against dollar due to US-China tensions | India Business News – Times of India

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