Anand Shah: Rupee Depreciation Benefits Indian Manufacturers
1 report, 1 independent
Updated Oct 19
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What happened
Anand Shah, CIO at ICICI Prudential AMC, stated that rupee depreciation is advantageous for Indian manufacturers. He noted that the rupee has slipped roughly 10% this year and 15-16% against the yuan over the past twelve months.
From moneycontrol.com
Why it matters
Shah argued that a weaker currency gives domestic manufacturers temporary breathing space, especially given that India runs a large trade deficit and faces higher logistics and power costs. His investment strategy is currently prioritizing manufacturing and mid- and small-cap companies that create wealth.
From moneycontrol.com
Who's involved
- Anand ShahCIO at ICICI Prudential AMC, who views rupee depreciation as beneficial for Indian manufacturers
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The entities involved
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Anand Shah
researcher (ORCID 0000-0002-0573-8448)
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