FX_IDC:USDINR   U.S. Dollar / Indian Rupee
At some point the RBI will intervene to protect the rupee...at what level we dont know but on the charts there has been a breaking of channel.

This depreciation is good for exporters like IT, Pharma etc.

If it keeps getting weaker its bad for inflation but good for select companies..

Watch out for those companies (exporters) making moves because of a weaker rupee.


How will it be beneficial for the IT and Pharma sector? Can you please explain?
rk10 adityagururaj2000
@adityagururaj2000, They earn majority of their revenue in $$'s so when they have to convert it back to Rupees if they convert at 72 or 74..with property forex hedges the margins become between by a couple % points..
+1 Reply
@rk10, Wow! Thanks for the info!
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