Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
Weak Rupee to Spur IT Rebound
Mint Hyderabad
|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.
Cette histoire est tirée de l'édition February 21, 2025 de Mint Hyderabad.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Hyderabad
Mint Hyderabad
'Budget not a short-term trading document'
Downplaying the stock market slide on 1 February after the FY27 budget presentation, Prime Minister Narendra Modi on Friday said that the Union budget is a policy roadmap, not a short-term trading document.
1 min
February 28, 2026
Mint Hyderabad
Supplement makers swap expensive whey for plants
Soaring whey prices are reshaping India’s fast-growing protein supplement market, squeezing margins and forcing companies to redraw growth strategies as consumption rises.
2 mins
February 28, 2026
Mint Hyderabad
FPI buying fails to soothe edgy Street
Weak global cues and persistent risk aversion weighed on domestic stocks, dragging benchmark indices down on Friday and over the week.
1 min
February 28, 2026
Mint Hyderabad
Indigenous cooks take the spotlight
Entrepreneurs from tribal communities are celebrating their dishes and serving food shaped by seasons and wisdom
3 mins
February 28, 2026
Mint Hyderabad
Making time and space for art
As much as we are bound to deadlines, page views, news cycles and the other perennial challenges of magazine and culture journalism, to work at Lounge is to take the longer view, to contemplate and find an angle that's rarely explored, and to avoid the idea of spectacle for the sake of it.
1 mins
February 28, 2026
Mint Hyderabad
As DIIs dictate valuations, SIP muscle reshapes IPO market
Experts say DIIs are exerting greater discipline on valuations than during the 2021 IPO cycle
3 mins
February 28, 2026
Mint Hyderabad
The rags to riches story of a Bombay entrepreneur
Decades after the textile mill chimneys have faded from the Mumbai skyline, indelibly altering the demographics, architecture and culture of the city’s central districts, the fate of displaced textile workers continues to—surprisingly—animate political discussions.
5 mins
February 28, 2026
Mint Hyderabad
'Focused on getting best deal with US'
India wants to secure the best trade deal with the US to ensure it has an edge over competitors, commerce minister Piyush Goyal said on Friday, as the fate of deals finalized by Washington remain uncertain after President Donald Trump's tariffs were invalidated.
1 min
February 28, 2026
Mint Hyderabad
The couple who made anti-fit a hit
Nicobar's Simran Lal and Raul Rai, partners in business and life, on creating a niche for everyday wear that's relaxed yet stylish
5 mins
February 28, 2026
Mint Hyderabad
Deepinder Goyal's only-fit hiring plan may test legal limits
Zomato founder Deepinder Goyal's call for engineers for his longevity venture, Temple, came with a caveat-they need to be supremely fit.
2 mins
February 28, 2026
Listen
Translate
Change font size