Currency rates live in india: Rupee needs a quick fix as US-China trade tiff chokes currencies

Moreover, when countries butt heads, a flight to safe-haven assets begins. The dollar’s rise and the gold’s gain are clear signs safety is already being sought by investors globally. “The ramifications of the US-China trade war are being seen across emerging market economies, including India. The daily yuan fixing and the fears of devaluation by China are also having an impact on the Indian rupee,” said Garima Kapoor, an economist at Elara Securities Ltd.

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