The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, starts to turn red and dips below 104.00 at the time of writing on Wednesday, while equities sell off and bond yields drop. The Greenback

The AUD/USD pair attracts some follow-through buyers for the second consecutive day and recovers further from a nearly four-week low, around the 0.6220-0.6215 area touched on Monday.

According to Emkay Research, while India could be among the worst-hit nations per broad reciprocal differentials, the key susceptible sectors (auto, pharma, electronics) are far better placed than feared. Apparel and gems/jewellery are the most exposed.