From Brazil to India, Pain from Currencies

From Brazil to India, Pain from Currencies

Summary

The currencies in emerging markets such as Brazil and India (real to the rupee) have hit hard due to the expected end of the Federal Reserve's period of easy money. Consequently, it is hurting the profits of businesses from Brazil to Bangalore. Companies in Brazil, such as Gol Linhas Aereas Inteligentes, are facing critical time because their revenue is in reais and their costs are in dollars. So, depreciation of real against the dollar is really hurting their profitability. Company's cost of filling up one of its Boeing has ...