Title:
How does INR depreciation against USD, EUR, and GBP affect Indian stocks?
Question:
INR has been weakening against major currencies.
Current rates (approx):
• 1 USD ≈ ₹92
• 1 EUR ≈ ₹107
• 1 GBP ≈ ₹125
From a stock market perspective:
- Do export-heavy sectors (IT, pharma) benefit from a weaker INR?
- Are import-dependent sectors negatively impacted?
- How does this affect FII flows and overall market returns?
Looking for insights from a long-term investor viewpoint.