The Indian Rupee Faced Its Worst Monthly Performance In Eight Months In November, Closing At 84.4825 Against The Dollar, Near Its Lifetime Low. The Currency Declined By Almost 0.5% Over The Month, Its Steepest Fall Since March. This Depreciation Was Largely Driven By Donald Trump’s Victory In The U.s. Presidential Election, Which Boosted The Dollar And U.s. Bond Yields, Putting Pressure On Emerging Market Assets. The Dollar Index Rose By 2% In November, While U.s. Treasury Yields Hit 4.50%, Their Highest Since July.
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