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The INR has depreciated over 10% against the USD and 11% against the Euro since May 2, 2013. This sharp depreciation will significantly impact company earnings in different sectors. IT services and pharma sectors are expected to benefit the most, while consumer, energy, and automotive sectors may see negative impacts. For IT services, earnings upgrades of 47% are estimated for coverage companies based on revised exchange rate estimates. Gas companies

Author

Zacharia Vincent

Language

EN