Dollar Index jumps to 5-week high: Analysts decode its impact on IT, Pharma and Apparel sector – What should investors know
Export services sector such as Information and Technology as well as Pharma along with Apparel have positive impact amid a surge in the Dollar Index. On the contrary, the same is negative for sectors such as Oil & Gas, which also increases the import bill of the country.
Pharma and Apparel sectors will continue to experience movement as per the normal economic cycles: Reuters