Dollar impact: Wipro, Persistent and Mphasis may hit hard in near-term, warns Kotak

A weak dollar is all likely to impact the profitability of IT firms such as Wipro, Persistent Systems and Mphasis hard in the near-term, Kotak Institutional Equities said based on currency movements on an unhedged basis. https://www.businesstoday.in/markets/stocks/story/dollar-impact-wipro-persistent-and-mphasis-may-hit-hard-in-near-term-warns-kotak-475517-2025-05-09