Indian rupee: Currency war fears may push Indian rupee lower
Last week, global risk sentiment was weighed down by the tariff reciprocity between the US and the rest of the world, top-level UK ministerial resignations and elevated NATO tensions. In the mid-week, the Sino-US trade war escalated as the USA announced its intent to impose 10 % tariff on U$200 billion of Chinese imports.
The Indian rupee dipped to 69.10/$, a fresh all-time low on contagion from Emerging Markets, notably the Yuan. Image source: Reuters