The Art of Forex Management in the Indian IT Industry

Focusing on the significance of foreign exchange risk management, this study examines how Indian IT firms, which derive over 70% of their revenue from foreign clients, navigate currency fluctuations. It highlights the challenges these companies face due to transactions in various foreign currencies and the potential financial impacts of unexpected exchange rate changes. By analyzing the foreign exchange risk management practices employed by selected firms, the research aims to determine their influence on profitability and overall operational effectiveness.