The Indian rupee fell to an all-time low of 84.28 against the dollar following Donald Trump’s U.S. presidential election victory, which has heightened concerns for the rupee's stability.
Experts indicate that Trump’s policies, likely focused on high spending, may drive inflation, strengthening the dollar further. The dollar index spiked to 105.12 as yields on U.S. bonds hit 4.45%, adding to global currency volatility. Although India’s reserves can manage adjustments, analysts warn of potential impacts on the Indian forex and bond markets.