Rupee weakness supports battered IT stocks amid geopolitical tensions
pre-market1 source ↓written by the desknot a recommendation
Indian IT stocks have faced significant selling pressure, with FIIs selling ₹16,993 cr in February alone. However, the weaker rupee may provide a cushion for these export-heavy firms, boosting their earnings in rupee terms. As geopolitical tensions rise, traders are assessing whether this sector presents a buying opportunity amidst ongoing growth concerns.
Not investment advice. For informational purposes only.