USD/INR - Liftoff

U.S. DOLLAR / INDIAN RUPEEICE

Description

⋅ Apr 7, 2021 1:11 PM

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.

Trend Analysis

Comments

UnknownUnicorn17148489

⋅ Apr 10, 2021 10:41 AM

How will it be beneficial for the IT and Pharma sector? Can you please explain?

rdkriplani

⋅ Apr 10, 2021 11:23 AM

@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..

UnknownUnicorn17148489

⋅ Apr 10, 2021 4:52 PM

@Rk10, Wow! Thanks for the info!