Bangalore: The Indian currency fall has frightened the markets, though many love the plunging rupee. Well Most. The issue has disturbed the policymakers’, but this weak rupee seems unlikely to affect the top companies in India, according to Economic Times.

Eleven companies including ITC, Infosys, Tata Motors Mahindra & Mahindra, Dr. Reddy's Laboratories, Tata Consultancy Services Sun Pharmaceuticals, Wipro Bajaj Auto Cipla and BHEL that accounts for 45 percent of the BSC Sensex, gained from the plunging rupee according to numbers crunched by ET. The prime reason is the total foreign exchange revenues of these companies are much greater than their usual forex spendings. Therefore, more the rupee plunges, bigger will be the gain.

Even India’s largest exporters like Reliance industries are also gaining from the weak rupee. Since the companies forex outgo is more than its forex earnings, a large part of rupee earned by the company is pegged to the dollar. However, the weak rupee has benefited Reliance industries by adding to its profits and margins. Analysts say that it would be risky for the company if there is a rupee appreciation.

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