Indian rupee drops to all-time low as Trump win-fuelled rally in dollar
MUMBAI, Nov 7 (Reuters) – The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump’s victory is likely to boost the dollar in the coming months. The rupee dipped to 84.2950, inching past the previous all-time low of 84.28 hit on Wednesday. Trump’s policies of tax cuts and deregulation are likely to lift U.S. growth, prompting investors to prefer the dollar to the other currencies, analysts said, adding that the threat of tariffs is likely to undermine euro and Asian currencies. Asian currencies took a breather on Thursday after slumping by as