Rupee gains against Euro

Currency analysts are revising their forecasts for the Euro in the aftermath of the US election, now predicting that it would decline near dollar parity. The euro-rupee trade is driven by opposing growth ideas that support the Indian currency. Political and financial turmoil in Germany is harming the euro.

The currency market is fluctuating in anticipation that Trump will slash his economic objectives. As a result, many investors have abandoned the Euro. The single currency has already plummeted by around 3% since Trump's victory, nearing its lowest point this year.

Investors are already hedging against a lower euro, and their holdings have likely increased since then. Positions have skyrocketed since Trump's sweeping victory. However, not everyone agrees with the euro-dollar parity proposals.

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