Indian IT companies like Cognizant,Infosys play down gains from rupee free fall - The Economic Times

Indian IT companies like Cognizant,Infosys play down gains from rupee free fall - The Economic Times
BANGALORE: A sharp decline in the rupee means Indian IT services exporters are getting more bang for their buck, but most top executives are wary of the sudden dip as it adds to the current uncertainty.

The rupee -- Asia's worst-performing currency this year -- has skidded nearly 17 percent from a 2011 high reached in late July as risk-averse investors flee emerging markets.

It rebounded as much as 1.7 percent on Wednesday, a day after it touched an all-time low of 52.73.

"If the change is gradual we can manage, but if the change happens at the end of the quarter, either way, we will have a big shift. We will not have the time to adjust," Infosys Ltd's