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Soaring rupee set to hit Infosys, TCS, Wipro, Q4 results

Soaring rupee set to hit Infosys, TCS, Wipro, Q4 results

Friday, April 7, 2017, 12:43 PM

The January-March quarter, a seasonally weak one for the Indian IT sector, may not show TCS, Infosys, Wipro and HCL Technologies in good light, with the appreciating rupee against the US dollar denting their operating profit margins by 40-50 basis points. For the fourth quarter of FY17, the rupee appreciated by 2% against the dollar, throwing a spanner into the works.
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