US Elections 2016: Trump victory is negative for India, volatility will shoot up

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A Donald Trump victory in the US presidential election would be negative for all emerging markets, including India. It would create demand for safe-haven bets like gold and developed-world bonds.

 

Currency market is bracing for volatility even if Hillary Clinton secures a win as Trump has not cleared the air on whether he would accept the election results should he lose in a close finish.

 

“Even if Clinton wins, Trump may continue to push her and stoke uncertainty. If Trump wins, everything will fall and volatility will shoot up. This is not a time to take risk,” said Jamal Mecklai, chief executive of Mecklai Financial, a currency consultancy firm.

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