Wednesday close
USD INR printed 95.85 today. Fresh record. Brent sat above 105 for the third straight session. Two screens away the pharma index was green, Cipla up roughly 8 percent on Q4. The IT index was red, HCL and TechM at the bottom. Same currency print. Two opposite tapes.
USD INR . today
95.85
All time record low intraday. Sixth straight session of fresh prints since the West Asia tail re-emerged.
YTD move
-6.0%
INR depreciation since the start of the year. Most of it printed in the last 30 sessions.
Brent . spot
105+
Third session above 105. Hormuz tail Day 3 on the same screen as the FX print.
Today . pharma index
Green. Cipla led on Q4 beat.
+1 to 2%
Today . IT index
Red. HCL and TechM at the bottom.
-1 to 2%
A weak rupee is not a verdict. It is a redistribution.
Same FX print. Pharma green. IT red. Oil heavy. The currency does not punish the portfolio. It rewards one line of the income statement and taxes another. Read which line first.
Swipe . the sector sensitivity strip →