What is your take on the Indian currency weakness?
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Is rupee depreciate so much headache for you?
What is your take on the Indian currency weakness? Would it continue to be a tailwind for IT and may not be beneficiary for some sectors and stock on Indian sheare market?
Indian currency weakening is not driven by any in Indian company. For the overall export scenario it is very good advantage in term of labour export oriented industries etc.
DO YOU THINK THAT EARNINGS ARE GOOD ENOUGH TO TAKE THE MARKET HIGHER TO 12000 AND BEYOND?
If you look at the earnings, the market earnings are growing at the rate of 8-9%. The main villain is the NPA s in Banking sector.the economy EPS growth at the rate of 20% but the NPAs in banks are slow down that growth.
Incidentally 38-39% of India's export are coming in service and that will boost in terms of rupee depreciate.
Finally if you are a long term value investor take a nap and focus into the quality stocks.
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STOPNice post and good information
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