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Rupee hits a record low of 90.43 vs dollar as FPI outflows persist, but these sector stocks gain from currency weakness.
Rupee Vs Dollar Today.
Rupee Crashes To Historic Low: The Indian rupee extended its losing streak on Thursday, slipping to a fresh all-time low of 90.43 against the US dollar, as delays in the India–US trade deal and sustained foreign portfolio investor (FPI) outflows from domestic equities continued to weigh on market sentiment.
The currency weakened by 17 paise in early trade to open at 90.36, compared with its previous close of 90.19, and soon touched its deepest-ever level of 90.43 per dollar in morning trade.
So far this year, the rupee has emerged as one of the worst-performing currencies in Asia, down over 5 per cent against the dollar. The pressure has intensified after the United States imposed tariffs of up to 50 per cent on Indian goods, denting exports to India’s largest overseas market and reducing the attractiveness of domestic equities for global investors.
Adding to the pressure, dollar inflows through foreign direct investment (FDI) and offshore borrowings have remained muted, tightening dollar liquidity and keeping the rupee under sustained stress.
What Is the Silver Lining? Sector-Wise Impact of a Weak Rupee
The impact of a depreciating rupee is uneven across sectors, creating both winners and losers—from IT and pharmaceuticals to automobiles, oil & gas, and chemicals.
IT Sector:
A weaker rupee is typically margin-accretive for IT companies, as a large portion of their revenues is earned in US dollars. With costs largely rupee-denominated, currency depreciation boosts profitability.
Pharma Sector:
The direct impact on pharmaceuticals remains relatively limited, as most firms actively hedge their dollar exposure. In addition, export contracts are usually priced to account for currency fluctuations.
Auto Sector:
Export-heavy two-wheeler manufacturers such as TVS Motor and Bajaj Auto stand to gain the most from a weaker rupee. Auto ancillary players like Bharat Forge and Samvardhana Motherson also benefit from improved export realisations. However, the impact is negative for import-dependent companies such as Uno Minda.
Oil & Gas Sector:
For upstream producers such as ONGC and Oil India, every Rs 1 depreciation in the rupee can lift earnings per share (EPS) by 1–2 per cent. In contrast, a weaker rupee is negative for refiners and import-heavy players like Reliance, due to higher costs of crude oil, LNG and ethane imports.
Chemicals Sector:
With significant exposure to the US market, the chemicals sector generally benefits from rupee depreciation, making the current currency weakness positive for export-oriented chemical companies.
Click here to add News18 as your preferred news source on Google. December 04, 2025, 11:17 IST
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