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21 sats \ 1 reply \ @BlokchainB 4h \ on: Rupee cracks below 90 to the dollar, hit by tariffs, capital outflows econ
I thought they had 8% growth!? Why is the rupee sliding. I guess USA trade policy is crushing the currency
They obviously had 8% growth. However that came on the back of tax rate cuts on both direct and indirect, and also it was a very good and long festival and wedding season here. Consumers have been enthusiastic in the last quarter. I'm not very sure if this growth rate will hold for longer.
Yes you're right USA trade policy has had a say in crusghing it but not completely.
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