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Indian Rupee

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Indian Rupee


Down 19%

Until recently, India's currency had been rising steadily, causing headaches to the country's big IT outsourcers like Infosys (INFY) and Wipro (WIT). The rupee's sudden turnaround should help those companies become more competitive, since their Indian employees won't be as expensive for their dollar-paying customers. But the weaker rupee might hurt Indian companies that have been actively seeking deals overseas such as Tata Motors (TAMO), the automaker that agreed to pay Ford (F) $2.8 billion for Jaguar and Land Rover in March.