Financial Daily from THE HINDU group of publications
Friday, Apr 23, 2004
Financial Daily from THE HINDU group of publications Friday, Apr 23, 2004 |
||
|
|
||
|
Home Page
-
Software Info-Tech - Software Infosys seeks to secure entire export earnings Our Bureau
Mumbai , April 22 THE billion-dollar Infosys Technologies currently has only $203 million of export receivables secured with a forward cover for exchange rate risk and would like to secure its entire export earnings with such cover. But the Reserve Bank of India's (RBI) regulations do not allow for this and so the company is seeking some regulatory changes from the latter. ``We are discussions with RBI on this,'' said Mr. Nandan Nilekani, Managing Director, CEO and President, Infosys Technologies, at a news conference here today. When Infosys converted its earnings guidance in dollar terms for the current financial year into rupee value, it had taken into account a conversion rate of Rs 43.4 to the dollar, said Mr. Nilekani.
More Stories on : Software | Software
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|