Global Funds Brace for More Rupee Losses With 100 in Sight

The Indian rupee has slumped to a record low against the US dollar amid concerns that 50% US tariffs will negatively impact India's economic growth and corporate earnings. Global funds are bracing for further rupee depreciation, with the exchange rate potentially reaching 100 rupees per dollar. This currency weakness reflects broader economic pressures on India from anticipated US trade policies.