Rising dollar puts Indian markets on edge. These sectors are feeling the pinch
- Posted on November 21, 2024
- By Business News Today
- 2 Views
Rising dollar puts Indian markets on edge. These sectors are feeling the pinch
The surging US dollar, driven by a strengthening US economy and potential policy shifts, is impacting Indian markets. Import-heavy sectors like oil and gas and auto are facing margin pressures, while export-dependent sectors remain resilient for now. Market sentiment is cautious as investors await clarity on the future direction of the dollar and its impact on Indian equities.