USDINR at 88.

Nifty as per today's closing price has given 0% real return in 2024. Similar trend across smallcap and midcap yearly real returns almost touching 0%. Even after a sharp decline in INRUSR, most BIG Indian Tech has been sideways hinting at a downward pressure among the Service/Support IT firms which are some of the biggest Dollar importers, further softness in this sector could lead to a downward spiral in INR USD. Position (might be a bit early but either way things doesn't look good at least for the short/mid-term)- Exited from IT, small, mid. Shifted to BLUECHIP FMCG and debt.