Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Weak Rupee to Spur IT Rebound
Mint Kolkata
|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 Kolkata.
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 Kolkata
Mint Kolkata
Gen Z and millennials power India’s rapid upgrade cycle
The market for kitchen appliances, consumer electronics and furniture is entering a new phase: upgrade and switch.
2 mins
February 25, 2026
Mint Kolkata
Inside Apple's push to build an all-American chip
control of Taiwan.
3 mins
February 25, 2026
Mint Kolkata
Suzlon rejigs top deck to focus on growth and diversification
Suzlon Energy on Tuesday announced a leadership rejig with an eye on expansion, as longtime chief executive officer J.P. Chalasani moved on to oversee the group’s newer projects and a former top executive from the Adani Group stepped into his shoes.
2 mins
February 25, 2026
Mint Kolkata
Global auto parts makers turn to India for engineering
Components majors such as Tenneco are expanding their manufacturing footprint in India
2 mins
February 25, 2026
Mint Kolkata
Anxiety builds as Iranians brace for looming war with U.S.
As protests rekindle across Iran’s universities and an American fleet builds up offshore, Iranians are girding themselves for the chaos and violence that might unfold if the ruling regime is actually brought down.
4 mins
February 25, 2026
Mint Kolkata
A career break is a personal choice—and a financial test
Cover the break period plus 8-12 months of additional expenses to avoid forced decisions
3 mins
February 25, 2026
Mint Kolkata
India’s innovation story gets a new chapter: Nasscom launches the Makers Honor Awards
The Nasscom Makers Honor Awards reminds India that its technology story is written not only in boardrooms and on stock exchanges, but in lines of code, on factory floors, in hospital systems, and in the quiet discipline of engineers who build things that last
4 mins
February 25, 2026
Mint Kolkata
Global PE giants eye stake in Synthimed in $200-mn deal
General Atlantic, KKR and CVC Capital are evaluating a minority stake buy in Synthimed
2 mins
February 25, 2026
Mint Kolkata
India’s role in AI diffusion was in the summit’s spotlight
In November 2023, a few governments and technologists gathered at Bletchley Park to discuss artificial intelligence (AI), seeking to come to terms with the technology they were developing.
3 mins
February 25, 2026
Mint Kolkata
INDIA’S INVESTING PROBLEM IS NO LONGER INFORMATION—IT’S BEHAVIOURAL BIAS
Most Indians do not struggle with money for lack of information.
3 mins
February 25, 2026
Listen
Translate
Change font size