A weaker rupee does have genuine beneficiaries: the IT sector billing in dollars, pharmaceutical exporters, and the diaspora sending remittances home. These effects are real and should be acknowledged honestly.
A weaker rupee benefits India's IT sector and pharmaceutical exporters due to dollar billing. Additionally, the diaspora sending remittances home sees increased value. These real and positive economic effects must be recognized honestly amid currency fluctuations.
Market Samachar is a news aggregator. This article was originally published by mint - markets. Tap the button above to read the full story on their site.