How to save your portfolio against falling rupee?
Hello friends I hope you all are doing well yet another interesting topic How to save your portfolio against the falling rupee? The Indian rupee has depreciated nearly 4% this year. While the overall impact of a weaker rupee is negative on the equity market, some sectors stand to benefit from this fall The Reserve Bank of India’s rate hike in May, in order to be in line with the global market sentiment, has pushed the domestic currency to record low levels. The rupee has skidded over 2 percent against the US dollar in May, seeing its worst monthly decline in 2022. In comparison, the S&P Sensex and Nifty 50 tanked over 3 percent each during the period. Weak economic data, rising interest rates, soaring inflation, and the exit of foreign investors are some of the key triggers behind the rupee’s meltdown. That is because a depreciating rupee does not bode well for foreign investors as returns reduce from Indian investments, prompting their departure. According to data provided by J