Depreciating rupee a mixed bag for industry, software companies set to gain - Economic Times

7/16/2022 12:00:00 AM2 years 9 months ago
by PTI

The rupee, which has been depreciating against the greenback, is near the psychological barrier of 80 to a dollar and is likely to remain subdued with the Federal Reserve working overtime to contain inflation, which is at a historical high, in the US.

Falling value of the rupee against the US dollar is turning out to be a mixed bag for the industry with some sectors bearing the brunt while others, especially software exporters, are hoping for cont… [+4086 chars]

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Depreciating rupee a mixed bag for industry, software companies set to gain - Economic Times

​​​ The rupee, which has been depreciating against the greenback, is near the psychological barrier of 80 to a dollar and is likely to remain subdued with the Federal Reserve working overtime to contain inflation, which is at a historical high, in the US.

The rupee, which has been depreciating against the greenback, is near the psychological barrier of 80 to a dollar and is likely to remain subdued with the Federal Reserve working overtime to contain inflation, which is at a historical high, in the US.