Below are Views On Rupee hitting a 2-month low By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International, an investment consulting firm
“A lack of clarity on the outcome of the US Presidential Election has created a lot of uncertainties. Global equity and currency market have reacted according to it. With the US Dollar gaining strength, the Indian rupee saw a decline, as it slipped towards the crucial 75/$ mark.
The Indian rupee will continue to be in focus till clarity emerges on the US election outcome and the latest tranche of fiscal stimulus. In times of uncertainty, investors tend to rush towards the USD which is a safe haven. Back home, the Indian government is working on a stimulus package, but expect it to be smaller in size as the Indian government will look to limit its deficit.”
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