Business Standard

Rupee breaches 80: Watch out these levels on forex-sensitive Infy, IndiGo

Among select export-oriented shares, Aurobindo Pharma seems well placed on the charts with a potential upside of 9 per cent in the near term.

rupee swap
Web Exclusive Premium

Rupee touched new all-time low, plunging below the 80-mark versus the US $ on Tuesday.

Avdhut Bagkar Mumbai

The Rupee plunged to an all-time low against US Dollar, breaching 80-mark on Tuesday for the first time in history. This unprecedented move accounts for a 25 per cent decline since 2014 as concerns over resilient crude oil price, strong dollar overseas and foreign outflows continue to distress investors. READ MORE

In the equity market, the BSE Sensex and Nifty 50 opened on a negative note mirroring losses in the global peers, but soon recouped losses and hit a fresh 5-week highs. 

Given the steep fall in Rupee, export oriented companies are likely to yield

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in