{"id":890504,"date":"2024-12-24T08:36:21","date_gmt":"2024-12-24T03:06:21","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=890504"},"modified":"2024-12-24T08:45:20","modified_gmt":"2024-12-24T03:15:20","slug":"rupee-weakness-good-news-for-it-firms-but-uncertainty-on-long-term-impact","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/24\/rupee-weakness-good-news-for-it-firms-but-uncertainty-on-long-term-impact\/","title":{"rendered":"Rupee weakness good news for IT firms but uncertainty on long-term impact"},"content":{"rendered":"<p>The recent depreciation of the rupee against the dollar is proving to be a tailwind for the Indian IT sector, which generates 50-60% of its revenues from the US market. <\/p>\n<p>\u201cFor every 1% depreciation in the rupee, there is typically a 0.5% increase in revenue and about a 1.5% rise in profit. This quarter, the currency depreciation is expected to offset furlough impacts, leading to better performance,\u201d said Pareekh Jain, CEO, Pareekh Consulting and EIIRTrend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent depreciation of the rupee against the dollar is proving to be a tailwind for the Indian IT sector, which generates 50-60% of its revenues from the US market. \u201cFor every 1% depreciation in the rupee, there is typically a 0.5% increase in revenue and about a 1.5% rise in profit. This quarter, the currency depreciation is expected to offset furlough impacts, leading to better performance,\u201d said Pareekh Jain, CEO, Pareekh Consulting and EIIRTrend.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-890504","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=890504"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890504\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}