Short-term sugar high: rupee drop boosts Indian IT, but storm clouds gather
Currency-driven relief is tempered by growing macroeconomic uncertainty The recent depreciation of the Indian rupee against the US dollar is...
archiveWipro
Dollar weakness key worry for tech in FY26, says Kotak: Wipro, Persistent, Mphasis may be hit most – Industry News
The sharp depreciation of the US dollar over the past three months poses a growing challenge for Indian IT companies, particularly those with a high concentration of USD-denominated revenues. The USD has depreciated sharply over the past three months, approximately 4 per cent against the INR and even more significantly against the EUR (7.6 per cent) and GBP (9.9 per cent). This sharp INR appreciation can negatively impact profitability, especially for mid-tier firms with high offshore exposure and limited currency hedging. Per an analysis report by Kotak Institutional Equities, the...