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  1. Indian rupee: 4 things to watch out for

Indian rupee: 4 things to watch out for

A range of Rs 65-66 may be expected if fundamentals remain sound. But presently, a range of Rs 66-67 may be expected to prevail until the volatility settles.

By: | Updated: August 31, 2015 1:31 PM

The Indian rupee has moved from the level of Rs 63.61/$ on June 1 to Rs 66.51/$ on August 24 which is a movement of 4.6% in less than three months with the fall being 3.9% since July end. Here are some sectors whose companies have to keep a watch on the rupee movements and take a call on whether the present disturbance in the forex market is transient or permanent. Here are 4 things to look out for:

1. The five most vulnerable sectors are refineries, iron, steel & products, fertilizers, aluminium and power.

2. The other significant net importers are oil exploration, engineering, plastic products, telecom services and auto ancillaries.

3. The net forex earners the IT sector are followed by pharmaceuticals, textiles, two wheelers and commercial vehicles.

4. The rupee is likely to settle at a higher level than earlier and it is unlikely that it would revert to the less than Rs 64 level.

Gr14

A range of Rs 65-66 may be expected if fundamentals remain sound. But presently, a range of Rs 66-67 may be expected to prevail until the volatility settles.

Gr3

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