ilpapa- the Fed relaxing sent the dollar down and was the reason many foreign ETF's to soar yesterday. The Indian currency has been falling the last couple of weeks, but has a ways to go. I think the "Tailwind" is resuming. Goldman Suck's must have had inside infor as to what the Fed was going to do as they put out buys on a few foreign countries last week, including Brazil. Great article non the less. http://finance.yahoo.com/q/bc?s=USDINR=X&t=3m&l=on&z=l&q=l&c=
A falling dollar verse local currencies helps their exports, but it then gives exporting US companies a headwind. Global US companies producing say in India will have a help to their balance sheet if the INR keeps falling, depending on how JV's are structured. My company with a Brazil JV had a 10% negative adjustment in Q2 for all Brazil sales and profits.
Long term the rising US debt and world debt overall is a different story I hope I don't understand it.
You may know this already, but ABT is the leading drug company in India (by market share) in a very fragmented market. What’s bad for the other Indian drug companies is generally good for ABT and its franchise of branded generic drugs.