Rupee crosses 87 per dollar mark amid tariff hikes and safe haven demand | Neelu Vyas

Описание: The rupee breached the key 87 per dollar mark on Monday as the dollar strengthened after US President Trump slapped tariffs on Canada, Mexico and China.
The dollar index surged by 1.35 per cent to 109.83. It measures the strength of the greenback against a basket of six major currencies.
The rupee was trading at 87.16 per dollar at 10:31 IST.
“The fear of tariffs has come true. There is safe haven demand . Renowned economist Santosh Mehrotra explains the modi's inability to control the ruppee from falling . He even said that Modi's wronf policies have resulted in the rupee falling and global factors are minute and miniscule . listen in to Professor Santosh Mehrotra
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