Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation.
Donald J Trump's historical comeback as the 47th President of the United States adds a morphine shot to the markets and select asset classes even as the focus is now shifting to wider economic ramifications and supply chain realignments, the report said.
«Trump's victory introduces a mix of challenges and opportunities for India. While the potential for increased tariffs, H-1B restrictions, and a strong dollar could bring short-term volatility...But it also presents India with long-term incentives to expand its manufacturing, diversify export markets, and enhance economic self-reliance,» it added.
It further said the 10-year yield shows no obvious trends, and the effect will be context-sensitive, going ahead.
«USD/INR has shown range bound movement, and the rupee can have a brief spell of depreciation followed by appreciation...Volatility in Indian equity markets showing signs of reduction,» the SBI's study said.
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