News > The fear that rupee will depreciate sharply post Trump 2.0 is unfounded: SBI Research

The fear that rupee will depreciate sharply post Trump 2.0 is unfounded: SBI Research

“During the Trump 1.0, rupee depreciated by 11%, less than during Biden term... While a stronger dollar might result in short-term capital outflows for short-term as investors flock to dollar-based assets, on a positive note, a lower rupee might provide an export advantage, potentially boosting revenues in sectors like textiles, manufacturing, and agriculture,” said US Presidential Election 2024: How Trump 2.0 impacts India’s and Global Economy.