Falling rupee, a windfall for info-tech industry The weakening rupee coupled with the pickup in demand for technology products and services is helping the cause of Indian companies. It is good for the industry. There may be increase in hedging fee. But no company takes cover for 100 per cent revenues. Net-net, they benefit out of increase in dollar value. Today, the rupee touched a new low, closing at Rs 65.10 against the U.S. dollar. It is believed that the situation today is better than what IT companies were facing same time last year. There is better visibility in the demand pipeline. All companies are seeing a pickup in demand for core IT services.
Posted on: Thu, 22 Aug 2013 05:30:00 +0000
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