Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
U.S. Treasury Secretary Scott Bessent isn’t losing sleep over the Indian Rupee challenging the U.S. Dollar’s dominance as a global reserve currency.
On Thursday, in a post on X, Shashank Mattoo, an Indian journalist, shared a snippet of Bessent’s recent appearance on Fox Business’ Mornings With Maria.
During his appearance, host Maria Bartiromo asks Bessent if he worries that India “is going to set trade in the Rupee,” to trade with its BRICS trading partners, instead of the U.S. Dollar, to which he responds, saying, “There are a lot of things I worry about. The rupee becoming a reserve currency is not one of them.”
Trending: Your Last Chance to Invest in Pacaso Before Their Global Expansion — Offer Ends Sept 18
Bessent goes on to add that with the ongoing trade tensions between India and the United States, the Rupee is currently “at an all-time low versus the U.S. Dollar.”
The Indian Rupee currently trades at 87.806 against the U.S. Dollar, nearing its all-time low of 87.95, amid ongoing trade and tariff-related tensions.
See Also: Dump Your Financial Advisors. One AI Platform Manages Everything — With Zero AUM Fees. Book Your Demo Today.
As President Donald Trump’s 50% tariffs on India took effect on Wednesday, officials from the two nations continued to hold talks with a virtual 2+2 Intersessional Dialogue on Monday, discussing trade, defense ties and even regional security, among other things.
The tariffs imposed by Trump are expected to hit India’s GDP to the tune of $36 billion, or 0.9% of the nation’s annualized GDP.
They have, however, emerged as tailwinds for certain U.S. companies that no longer have to compete with cheaper Indian imports. This includes apparel companies such as Levi Strauss & Co. (NYSE:LEVI) and Tapestry Inc. (NYSE:TPR), alongside jewelry retailer Signet Jewelers Ltd. (NYSE:SIG), among others.
Photo Courtesy: Maxim Elramsisy on Shutterstock.com
Trending Now:
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
For those seeking fixed-income style returns without Wall Street complexity, Worthy Bonds offers SEC-qualified, interest-bearing bonds starting at just $10. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.
Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.
WiserAdvisor makes it easier to find a financial advisor who fits your needs. The platform matches you with vetted professionals based on your goals and investable assets, with a focus on those who have at least $100,000 to put to work. By comparing advisors through WiserAdvisor, investors can identify someone who aligns with their risk tolerance, retirement plans, and broader wealth strategy.
For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It’s a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets.
This article Scott Bessent Worries About A Lot Of Things But The Indian Rupee Emerging As A BRICS Rival To Dollar Isn’t One Of Them: Here’s Why originally appeared on Benzinga.com
