- Expectations of a Biden win in US election lifts Indian Rupee & Nifty 50
- USD/INR trends lower targets September lows?
- India’s benchmark equity index eyes all-time highs & beyond?
After a weaker start, the Indian Rupee is once again on the rise versus the US Dollar. The Nifty 50, India’s equity index, is also advancing. This came amid rising expectations of a Joe Biden win in the US presidential election versus Trump.
Emerging market assets would benefit from a Biden win as it could mean less global trade over the next4 years. The MSCI Emerging Markets Index (EEM) recently rallied to its highest level since early 2018.