Pharma and IT sectors struggle despite rupee decline
pre-market1 source ↓written by the desknot a recommendation
- all-time low
- ₹91.97
- since April 2025
- 7.1%
- IT index rose
- 5%
- Nifty Pharma gained
- 3%
A weaker rupee, hitting an all-time low of ₹91.97, has historically boosted interest in India's export-driven IT and pharma sectors. However, with the rupee down 7.1% since April 2025, concerns over tariffs are overshadowing potential gains. The Nifty IT index rose 5%, while Nifty Pharma gained 3%, but uncertainties limit upside potential.
Not investment advice. For informational purposes only.