Tuesday, April 17, 2007

Tata Consultancy's Ramadorai Says Rupee's Rise to 9-Year High Curbs Profit

(Bloomberg) -- Tata Consultancy Services Ltd., India's largest computer-services provider, said the rupee's appreciation against the dollar will erode earnings as almost all of the company's sales are generated overseas.

``We're very concerned,'' Chief Executive Officer S. Ramadorai said in an interview today in Mumbai, where the company is based. ``The way the rupee drastically appreciated in the last couple of days is definitely of concern.''


Read more at Bloomberg Emerging Markets News

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