Seven IT shares rose by 0.17% to 1.96% at 9:53 IST on BSE
after the rupee weakened on Friday, 22 November 2013, to trade below the 63 per
dollar mark.
- Hexaware Technologies (up 1.96%),
- Tech Mahindra (up 1.04%),
- TCS (up 0.88%),
- Wipro (up 0.69%),
- MphasiS (up 0.51%),
- Infosys (up 0.40%) and
- HCL Technologies (up 0.17%), edged higher.
At 9:53 IST, the Indian currency was trading at 63.01 per dollar, down 0.11%
from its previous close of 62.94. A weak rupee boosts revenue of IT firms in
rupee terms as the sector derives a lion's share of revenue from exports.
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