Rupee breaches 80: Watch out these levels on forex-sensitive Infy, IndiGo

Among select export-oriented shares, Aurobindo Pharma seems well placed on the charts with a potential upside of 9 per cent in the near term.

The Rupee plunged to an all-time low against US Dollar, breaching 80-mark on Tuesday for the first time in history. This unprecedented move accounts for a 25 per cent decline since 2014 as concerns over resilient crude oil price, strong dollar overseas and foreign outflows continue to distress investors. READ MORE

In the equity market, the BSE Sensex and Nifty 50 opened on a negative note mirroring losses in the global peers, but soon recouped losses and hit a fresh 5-week highs. 

Given the steep fall in Rupee, export oriented companies are likely to yield