INR vs USD: Rupee near 97/dollar; how TCS, Sun Pharma, Tata Steel, SRF may gain from weaker currency? Experts explain

What happened: The Indian rupee fell below 97 per dollar, pressured by a stronger US Dollar Index, elevated US Treasury yields, Brent crude above $100 a barrel, and foreign institutional investor outflows from Indian equities. Key numbers: Rupee below 97 per dollar; Brent crude above $100 a barrel. Why it matters: Analysts say a weaker rupee is a macroeconomic headwind for India due to imported crude dependence, but it can benefit export-driven sectors such as IT, pharma, textiles, metals, and auto components through higher rupee realizations.

The Indian rupee fell below 97 per dollar, pressured by a stronger US Dollar Index, elevated US Treasury yields, Brent crude above $100 a barrel, and foreign institutional investor outflows from Indian equities.

Analysts say a weaker rupee is a macroeconomic headwind for India due to imported crude dependence, but it can benefit export-driven sectors such as IT, pharma, textiles, metals, and auto components through higher rupee realizations.