The State Bank of India predicts the Indian Rupee may weaken 8-10% against the US dollar if Donald Trump wins a second term as President.
The rupee could reach levels between Rs 87 and Rs 92, but the depreciation is expected to be short-lived, with the rupee likely to strengthen afterward. While this could help boost exports in sectors like textiles and agriculture, it may also slightly increase inflation and import costs, particularly for oil.