<p>Exporters may cheer rupee falling below the 55-level, but currency volatility has left software services firms worried as fluctuation hampers planning process for the $100 billion Indian IT-BPO industry.<br /><br /></p>.<p>Usually, a depreciating rupee helps IT companies improve their margins as they earn revenue in dollars.<br /><br />However, with most companies hedging their earnings well in advance, the current fluctuation may not make huge difference. The rupee, on Monday, closed at all-time low of 55.03 against the dollar amid robust demand for the US currency from banks and importers.<br /><br />The Indian currency has fallen about seven per cent against the dollar since April.</p>
<p>Exporters may cheer rupee falling below the 55-level, but currency volatility has left software services firms worried as fluctuation hampers planning process for the $100 billion Indian IT-BPO industry.<br /><br /></p>.<p>Usually, a depreciating rupee helps IT companies improve their margins as they earn revenue in dollars.<br /><br />However, with most companies hedging their earnings well in advance, the current fluctuation may not make huge difference. The rupee, on Monday, closed at all-time low of 55.03 against the dollar amid robust demand for the US currency from banks and importers.<br /><br />The Indian currency has fallen about seven per cent against the dollar since April.</p>