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The rupee fell to a new record low on Wednesday, December 3, crossing the mark of 90 against the US Dollar. The impact of a weak currency spreads across sectors, from IT to Pharma and even oil & gas. Here's a look at how oil & gas companies will be impacted due to the weakness in the rupee.

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IT sector | The fall in rupee is positive for the margins of IT companies. Most of the firms have major exposure to the US, hence revenue is in dollars. The Nifty IT index kept the Nifty 50 losses in check for a better part of Wednesday's trading session, with stocks like Wipro, TCS and Infosys leading the gains.

(Photo Credit : CNBC-TV18 Library )

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Pharma sector | The pharma sector faces a limited impact due to the decline in the rupee. Most companies hedge the dollar e

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