Falling rupee to help IT companies’ earnings: Report

Bengaluru: India-based IT services companies are likely to benefit from the rupee’s’ 1-3 per cent depreciation against several other currencies, global brokerage firm Jefferies said in a report. Wipro, Sagility, LTI Mindtree (LTIM) and Coforge are best placed on the back of higher revenue exposure to the US Dollar, Euro (EUR) and British Pound Sterling (GBP) and a higher offshore employee mix, it said