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Tag: Currrency

  • The Relation between Depreciating Rupee and Indian IT stocks

    The Relation between Depreciating Rupee and Indian IT stocks

    Ever noticed, when Indian Rupee depreciates against US Dollar, all sector stocks are affected negatively. Some, even go red on the stock exchange. But one sector happily enters into the positive area. Guess which one?The IT Sector. The top five companies of IT sector (by index weightage) are Infosys, TCS, Tech Mahindra, HCL Tech and…