Rupee weakness supports battered IT stocks amid geopolitical tensions
Indian IT stocks have faced heavy selling, with foreign investors offloading ₹11,000 cr in February. However, a weaker rupee may provide a buffer for earnings amid rising geopolitical tensions, potentially making the sector more attractive to investors.
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Indian IT stocks, hit hard by a selloff, may gain from a weaker rupee as geopolitical tensions rise. Foreign investors sold ₹11,000 cr in IT stocks in February, but a weaker currency could boost earnings. Despite concerns over AI disrupting the sector, the rupee's decline may offer unexpected support for exporters. 📉💻
Not investment advice. For informational purposes only.