NEWS INSIGHTS

Falling rupee to benefit select IT companies

Economic Times , 16 December 2011

What it says: Sharp depreciation of the rupee from around 45 per US dollar level to its current all-time low of 54 in about four months-has put companies from sectors like software to gain.

 

Impact: Yes. Rupee recently saw around 20% fall against Dollar. Which means, Indian IT services vendors have now better currency realization. Even though vendors hedge their income at an average conversion rate, they are sure to gain in coming 3-4 months. Clients should reengage with their vendors to get better rates. Leverage Offshore Insights' model to ensure quality-rate balance, check out our research Are You Getting the Right Billing Rates? for negotiation best practices