IT sector benefits from rupee depreciation of 10-60 bps
after close1 source ↓written by the desknot a recommendation
- in Q4
- 10-60 basis points
- of their revenue
- 60%
- against the dollar
- 10%
The sharp depreciation of the rupee is projected to enhance revenue for Indian IT services companies by 10-60 basis points in Q4, according to multiple brokerages. With over 60% of their revenue sourced from the US, these firms will see improved earnings in INR despite no operational performance changes. The rupee fell 10% against the dollar in the last fiscal year amid geopolitical tensions and FII outflows.
Not investment advice. For informational purposes only.