The Indian rupee had a poor performance in November, with its value against the dollar dropping to 84.4825. This decline is attributed to the strengthening of the dollar and increased U.S. bond yields following Donald Trump's victory in the U.S. presidential election.

The rupee fell by almost 0.5% during the month, which is the largest decline in eight months and brings it close to its lowest value of 84.5075 reached last week. The appreciation of the dollar and the rise in U.S. yields have had a negative impact on assets in emerging markets, further worsening the struggles of the rupee.

As a result, there have been continuous outflows of foreign portfolio investments from emerging markets.

The Indian rupee's poor performance can be attributed to the strengthening of the dollar and increased U.S. bond yields following Donald Trump's victory in the U.S. presidential election. This has led to a decline in the rupee's value against the dollar, with the rupee falling by almost 0.5% during the month. The appreciation of the dollar and the rise in U.S. yields have also had a negative impact on assets in emerging markets, exacerbating the struggles of the rupee. As a result, there have been continuous outflows of foreign portfolio investments from emerging markets.