How appreciating dollar & deprecating Rupee effect Indian stock market
Hello friends lets understand so we can make benefit form this How appreciating dollar & Deprecating Rupee effect Indian Stock market The appreciation of the U.S. Dollar (USD) and depreciation of the Indian Rupee (INR) can have significant effects on the Indian stock market, influencing different sectors in various ways: How appreciating dollar & Deprecating Rupee effect Indian Stock market 1. Impact on Export-Oriented Sectors (Positive) IT & Software Services: Companies like Infosys, TCS, and Wipro earn a significant portion of their revenue in USD. A stronger dollar means higher rupee revenue when converted, boosting their profitability. Pharmaceuticals: Many Indian pharmaceutical companies export their products. A weaker rupee increases the value of their dollar-denominated earnings. Textiles & Auto Ancillaries: Exporters in these sectors benefit from better margins when the rupee...