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Earnings at Risk If Indian Rupee Extends Advance, Edelweiss Says

  • Stronger currency to hurt exporters, commodity producers
  • Correlation between equities, rupee has likely played out

India stock bulls, beware. A stronger currency could spoil the party.

A further advance in the rupee to 62 per dollar in the year to March 2018 could shave four percent off the NSE Nifty 50 Index’s earnings growth, according to Edelweiss Securities Ltd.