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1% change in rupee impacts margin by 30 bps: HCL Tech

After all the bad news from the Europe and US, IT companies finally have something going their way. The sudden depreciation in the rupee will positively impact the revenues of the IT sector.

September 15, 2011 / 08:08 IST
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After all the bad news coming in from Europe and US, IT companies finally have something going their way. The sudden depreciation in the rupee will positively impact the revenues of the IT sector. Anil Chanana, chief financial officer of HCL Technologies tells CNBC-TV18 that every 1% change in the dollar-rupee rate impacts their margin by 30 basis points.

first published: Sep 14, 2011 12:20 pm

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