Change in the Rupee and Sensex in the Past 10 Years - Chart Of The Day 2 August 2018 - Equitymaster
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Change in the Rupee and Sensex in the Past 10 Years
Aug 2, 2018


While, BSE mid and Small cap indices have seen a healthy correction, large caps have remained almost intact during the same period.

The recent weakness in the rupee versus the US dollar indicates further trouble for the market ahead. As seen from the below chart, when the Sensex corrected to its multi-year lows in March 2009, the rupee had also weakened by 21% in the past 9 months. Similarly, when Sensex hit an all-time high in January 2018, the rupee had been gradually strengthening over the past year.

Post January, the rupee has been on a constant decline versus the dollar.

Increase in US bond yields has made it attractive for foreign investors. This has resulted in capital outflows from the Indian market. Past history has shown that any further weakening of the rupee will adversely impact the market.

But for investors, is it a matter of concern? If you have a horizon of 10 or more years, it shouldn't. As we can see from the chart, despite the rupee weakening by over 60% in the past decade, Sensex has also been up in the same period.

Data Source: AceEquity, in.investing.com

This Chart Of The Day was published in The 5 Minute WrapUp - A Simple Trick to Protect Your Wealth

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