TCS hedges $1.5 bn to tackle rupee fluctuations

Company CEO S Ramadorai said, "We have hedged for about $1.5 billion. I believe one has to run business on fundamentals and not on currency fluctuations".     

He also said it is very difficult to predict the rupee movement as in the last one-and-a-half months, rupee has taken a different turn than what it was six-to-seven months ago.     

 

Asked about the time period when the company aims to grow to $10-billion revenue from the current $6 billion, he said, "We do not have a time limit".