Rupee fall impact: In the Indian stock market, on Wednesday, December 3, both the major benchmark indices closed trading in the red. Apart from this, there was also a huge decline in the prices of rupee compared to dollar. The rupee had created a new record by crossing Rs 90 per dollar.
Whose direct impact will be seen in various sectors of the country. According to a report published in Money Control Hindi, some sectors will benefit from this fall of rupee while some sectors may face losses. Let us know what effect it is going to have on different sectors….
Impact on pharma sector
The impact of this fall in rupee in the pharma sector may remain limited, because pharma companies hedge their dollar exposure. Due to which the price of medicines is decided in advance and the deal is not affected even if the currency weakens. Although. Input costs of companies may increase.
Impact on IT sector
The IT sector can benefit from this fall in the rupee, because most of the income of IT companies is in dollars. Weakening of rupee helps companies in increasing margins. On Wednesday’s trading day, IT sector shares closed trading on the green mark. Nifty IT index had worked to maintain the market.
chemical sector
The chemical sector can benefit from the weakness of the rupee. The earnings of many companies in the chemical sector are in dollars. Also, many companies are associated with the American market. This fall in rupee may increase the income of these companies.
Oil and Gas Sector
Due to falling value of rupee, the cost of companies importing oil and gas increases. Due to which their profits reduce. At the same time, those companies which produce and export oil and gas are expected to benefit.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: Money will never sink… RBI has prepared the list of safest banks in the country, you also take a look.
