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Below the Quote on rupee falls again to 90.10 against dollar by Nikunj Saraf, CEO, Choice Wealth

"The rupee slipping past 90.10 adds a fresh layer of pressure on corporate earnings. For import-heavy sectors — autos, electronics, chemicals, pharma APIs, and aviation — every bout of currency volatility lifts input costs, squeezes EBITDA margins, and disrupts pricing strategy. Exporters may benefit on translation, but the gains are uneven and often offset by higher hedging costs and slower global demand.

Constant rupee swings also complicate inventory planning and raise working-capital requirements, especially for companies dependent on dollar-linked raw materials. Even firms with hedging frameworks face mark-to-market noise this quarter.

Overall, we should expect more cautious guidance from managements, wider dispersion in earnings, and sharper analyst downgrades where balance sheets are sensitive to imported inflation. Stability in the currency will be key for restoring earnings visibility in the coming quarters."

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