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HCL to report foreign exchange losses for the recent concluded quarter

Published Date: 
Jul 11, 2008
Noida — July 11, 2008:  HCL Technologies Ltd., India’s leading global IT services provider, today announced that it expects to report foreign exchange losses owing to strengthening of US$ against Indian Rupee in respect of its outstanding hedges. The US Dollar in the just concluded quarter ended on 30th June appreciated against Indian Rupee by 7.3%. In addition, the 12-month forward premiums have firmed  up from Rs. 0.67 to a Dollar as of March end to Rs. 1.77 as of June end.
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HCL Technologies Ltd.
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