The rupee has been powering ahead. CNBC-TV18 reports on how flows have dictated the rupee’s movement, since the start of the bull-run, in 2003. The question is whether it can head to the 37 or 38 mark. Analysts said that at the beginning of the bull-run, there has been a huge inflow of capital. The rupee appreciated 17% since 2003. It has come back in focus, as the rupee reached a crucial 40 mark yesterday. There has been a huge amount of inflows, especially in the last two days.
The rupee is wreaking havoc with the fortunes of the IT sector once again.
http://www.ibnlive.com/news/rupee-at-all-time-high-against-dollar-it-sector-cries-foul/49104-7.html
A trip to Singapore or Malaysia could get cheaper by Rs 5,000 to Rs 7000.
http://www.ibnlive.com/news/foreign-trips-get-cheaper-as-rupee-hits-9year-high/49100-7.html
Govt has put restrictions on the external commercial borrowings.
http://www.ibnlive.com/news/bpos-it-companies-smiling-over-new-ecb-norms/46464-7.html
Infosys, TCS could see the biggest negative impact.
http://www.ibnlive.com/news/rising-rupee-could-hit-plum-it-salaries/44354-7.html
TCS & Infosys are among cos whose earnings will be hit because of the Indian currency's appreciation.
http://www.ibnlive.com/news/tcs-infy-profits-hit-by-rising-rupee/43511-7.html
The appreciating Indian rupee is giving IT exporters, who receive payments in dollars, sleepless nights.
http://www.ibnlive.com/news/re-rising-how-to-play-it-stocks-now/40737-7.html
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