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.
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.