2024 us election results
2024 US Election Results Live Updates: Trump surges ahead with over 210 electoral votes, Kamala Harris trails with 113
The Associated Press has declared Kamala Harris the winner in Colorado, which carries 10 electoral votes. This takes her total to 113.
NBC News exit polls indicate Trump's favourability among white voters has dropped to 49%, while it has slightly increased among Black and Latino voters. In Milwaukee, 30,000 absentee ballots will be re-run through tabulating machines due to improperly closed doors.
2024 US election result LIVE: Rupee may hit a record low today as dollar strengthens on Trump's lead
The Indian rupee may hit a record low today as the US dollar strengthens due to Donald Trump’s early lead in the US election results. On November 5, the rupee reached an exchange rate of 84.13 against the dollar before recovering slightly.
As the Dollar Index rose 1.25% to 105 this morning, the rupee is expected to face selling pressure when markets open. Trump’s potential return to protectionist policies could further impact the rupee and other emerging market currencies, which are already under pressure.
Despite this, the rupee has been relatively stable this year, with the Reserve Bank of India reportedly spending over $10.8 billion to defend it from election-related volatility. If Trump wins, higher tariffs could weaken emerging market currencies more broadly, but experts believe the Indian rupee is well-managed and may not experience the same level of weakness as others.
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