Depreciating Rupee against US Dollar in recent months can prove to be a boon for the domestic IT firms which are otherwise facing margin pressure owing to a challenging operating environment. The Indian currency has fallen by more than four per cent from the beginning of this financial year.
Market experts and company officials are of the opinion that a depreciating Rupee augurs well for all exporters including domestic software services firms. According to them, profit margins will get supplemented as a strengthening Dollar will translate into higher Rupee value for these firms. ...
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