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Thursday, 21 January 2016

Drop in Rupee Beneficial for IT Sector & Short Term Have Good Returns

Companies like TCS, HCL, Infosys and SunPharma earns in Dollar from foreign countries and drop in Indian Rupee is befitting these companies. In last 20 days, Sensex has been broken down by 8.5% and there is no possibilities to recover it soon. In such conditions, investment for short term can give better returns. Fall in Rupee would also be beneficial for the Export companies and commodities.