Last week, the rupee touched a fresh one-year low as a result of euro’s losses and domestic oil refiners’ demand for strong dollar. Experts feel that positive cues from the equity market may support the rupee and the currency is likely to pause today after its sharp fall against the dollar yesterday.
Jatin Dalal, chief financial officer - IT Business, Wipro, in a chat with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gives his view on how a sharp depreciation in the rupee can impact IT companies.
“Every 1% of rupee depreciation impacts our operating margins by 0.4%,” said Dalal.
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