Try GOLD - Free
Weak Rupee to Spur IT Rebound
Mint Ahmedabad
|February 21, 2025
The Indian information technology (IT) sector has been trying to make a meaningful comeback for a while.
The good news is there's some respite on the horizon at last. The rupee is depreciating against the US dollar and other developed-market currencies, hurt by the ongoing global turmoil.
The rupee hit an all-time low earlier this month, breaching 87 to the dollar as improving prospects of the US economy gave the greenback a boost. So far in 2025, the rupee has declined by 1.3% against the US dollar, 1.4% against the euro, and 1.8% against the British pound.
From a macro perspective, a sinking rupee spells trouble, mainly for importers, but India's IT firms are exporters of services and a large part of their revenue is denominated in these currencies. So, a depreciating rupee augurs well for the sector's revenue growth and margin outlook.
This story is from the February 21, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Save DiCaprio from the jokes
The 2026 Golden Globes featured a Leonardo DiCaprio joke.
4 mins
January 17, 2026
Mint Ahmedabad
The language of flower emojis
Physical flowers are a too-grand gesture IRL, but flower emojis have taken over texts as hearts seem too demonstrative
4 mins
January 17, 2026
Mint Ahmedabad
When pets gain weight
Most pets do not need a new weight-loss drug. Instead feed them fewer calories and treats, and add more movement
3 mins
January 17, 2026
Mint Ahmedabad
The uncommon self-confidence of Annie Besant
Despite the criticism heaped on her, Besant learned to be ruthless in putting her interest first, refusing to be led by men
6 mins
January 17, 2026
Mint Ahmedabad
Kolkata's winter charm now smothered in smog
Winter is the only season in Kolkata when it's not too muggy to enjoy the outdoors, have picnics and visit fairs, but the AQI is worsening and no one seems concerned
5 mins
January 17, 2026
Mint Ahmedabad
Making more space
It's time to be intentional with what you let into your home and life, and leave more room for the things that really matter
2 mins
January 17, 2026
Mint Ahmedabad
KKR closes $2.5 billion Asia-Pacific credit fund
The firm has deployed more than half of the capital across 10 investments
2 mins
January 16, 2026
Mint Ahmedabad
Data governance failures are too costly: Here's what must be done
Mastering how best to govern data isn't just about safety. A variety of benefits can combine to spell a competitive advantage
3 mins
January 16, 2026
Mint Ahmedabad
Tiger Global liable to pay tax on Flipkart deal
rethink returns.
3 mins
January 16, 2026
Mint Ahmedabad
PFC launches ₹5k cr public NCD issue
Power Finance Corporation (PFC) on Thursday launched its third public issue of secured, redeemable nonconvertible debentures (NCD), with chairperson and managing director Parminder Chopra calling the strong investor response to its earlier bond offerings a “clear vote of confidence” in the power sector.
1 min
January 16, 2026
Listen
Translate
Change font size