News > Rupee takes a beating against Dollar as Trump marches to White House

Rupee takes a beating against Dollar as Trump marches to White House

Mathrubhumi | 06/11/2024 03:31 PM | Click to read full article

The dollar’s strengthening reflects rising market expectations of increased government spending under a potential Trump administration, which could expand the US fiscal deficit. Analysts predict that Trump’s policies, known for a focus on domestic infrastructure, would push the US government’s fiscal boundaries, leading to increased borrowing. This expectation has already contributed to the dollar reaching its highest levels since July.

-