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Business

Debasis Mohapatra

The Rupee’s Fall Against US Dollar Not Welcome By Indian IT Industry, Unlike Before

United States India US Dollar Matt Cardy Pareekh Jain

In this photo illustration, the new £10 note is seen alongside a US dollar bill on October 13, 2017 in Bath, England. (Photo Illustration by Matt Cardy/Getty Images)

The US dollar index is hovering at a record-high level, but it is not a good news this time around for an export-oriented Indian IT services industry

The strengthening of the greenbacks against the Indian Rupee would have been cheered by Indian IT firms in a normal scenario, as the rupee’s fall in the past has supported their operating margins and boosted their revenues.

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