Infosys hits 52-week high on rupee's free-fall

Infosys hits 52-week high on rupee's free-fall
Shares of the IT major Infosys Ltd gained over 2 per cent in the morning trade on Bombay Stock Exchange (BSE), hitting the 52-week high, as the rupee continued to depreciate against the US dollar.

Falling rupee augurs well for the exporters as it boosts their US dollar earnings and companies like Infosys earn a major chunk of their revenues from markets like US.

At 11:20 hours, shares of the company were trading at Rs 3,112.35 a piece, up 1.77 per cent from previous close on BSE.

Read more about: infosys, bse
Story first published: Wednesday, August 28, 2013, 12:21 [IST]
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