Firms whose imports are in dollar denominated currencies are the major beneficiaries. Companies, which are being hurt the most with the rising rupee, are those whose revenues are generated in dollars and whose costs are denominated in rupees. A million rupee question (rather than a million dollar) is what strategies the Indian firms should adopt to make their business sustainable.
Worry and nervousness have gripped investors worldwide. With the outburst of sub prime issue in the United States leading to a re-pricing of risks, markets have witnessed a secular sell-off all across the world.
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