Rupee crosses 90! Which shares will benefit and who will suffer loss? – value of 1 us dollar has gone above rs 90 watch video to know what impact did it have on stock markets which 5 sectors were most effected
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The Indian rupee is continuously weakening. On Wednesday, December 3, for the first time in history, the value of the rupee crossed 90 against the US dollar. Today on Thursday it reached a new record low of Rs 90 41 paise. The effect of this fall in rupee against dollar is being seen on many sectors in the stock market also. These include from IT and Pharma to Auto, Oil & Gas and Chemical sectors. The weakness in the rupee has had a direct impact on the earnings, costs and margins of many companies. At the same time, there are some companies which are also benefiting from this fall in rupee. Let us know which are those 5 sectors which can benefit the most and suffer the most from the fall in the Indian Rupee.