Rupee Vs Dollar: Financial Impact on 12 Sensex companies

1. Tata Consultancy Services

The company is expected to benefit in terms of growing revenues or generating top-line growth and the credit goes to the sliding value of rupee which might also mount operating margins in rupee terms.

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2. Infosys

The decline in the rupee value will be good sign for Infosys, which is having hard times to increase its revenues. The company will likely to have better operating profit growth and can have positive signs of increasing its profits.

3. Wipro

The declining value of rupee will be compensating to some extent by the forex losses by on account of currency hedging. Hedging is making an investment to reduce the risk of adverse price movements in an asset.

Wipro’s hedging experience was worth more than $2.1 billion at the end of the March quarter.

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