Impact on IT Stock Due to Rupee appreciation

By CROW -
Rupee driven stocks, IT stocks, in particular, have started getting impacted. They are trading way below their 52-week highs and just hovering near to their 52-week lows.

Indian rupee surged nearly 9.6% against the dollar since early - 2007, on the back of strong foreign inflows of nearly USD 10.4 billion.

Comments

  1. AnalystSeptember 21, 2007 at 10:18 AM

    What are the key reasons for such a huge FDI?
    What are the government policies to regulate flow of FDI?


    What is the IT company policies to Hedge against rupee appreciation?
    What is the long term outlook for IT stock in terms of 6 months,
    one year and 5 years.

    ReplyDelete

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