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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