# Strengthening rupee adds to IT, pharma companies' woes

> A stronger rupee, which touched 64.91 per dollar, is hurting Indian IT and pharmaceutical exporters whose earnings are in dollars. Their shares have underperformed the Sensex this year, adding to existing concerns over US visa rules and regulation.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72297-strengthening-rupee-adds-to-it-pharma-companies-woes
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

This story is mainly about equity sector effects and has little direct bearing on feed commodity prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- livemint.com: https://www.livemint.com/Industry/WG5UxSDvizpD8beHxzyrRM/Strengthening-rupee-adds-to-IT-pharma-firms-woes.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.