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Jul 1
Indian cos and appreciating rupee against dollar
Krissy July 1, 2007
Know More: India 2.0, India
Indian rupee has been appreciating against US dollars for quite some time now. Not surprisingly, the continuous strengthening of the rupee poses its first bottom line effect on the Indian outsourcing majors. The rupee has appreciated more than anticipation. It has appreciated by 5 point some percent since June quarter. It seems that while so

India-rupee-currency-dolalrs

me Indian biggies hedge their rupee exposure, some not doing that. So, while Infosys, Satyam and Wipro have 100s of millions of FX contracts and options Cognizant and Sapient do not want to go around with their strength.

 

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