# A weaker currency is generally positive for Indian IT companies.

*business · news · 2026-05-18 · CNBC TV18*

## Key points

- The Indian Rupee fell to a record low of 96.3 against the US Dollar on May 18.
- A 1% rupee depreciation can boost Indian IT company margins by 20 to 30 basis points.
- Coforge and Tech Mahindra shares rose 4% to 4.5% on Monday's currency movement.
- The Nifty IT index emerged as the day's top sectoral gainer, up over 2%.

**Companies:** Infosys, TCS, HCLTech, HDFC Bank, Reliance Industries, Tech Mahindra, Oracle Financial Services, Mphasis, Persistent Systems, Coforge
**Countries:** India, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/rupee-at-record-low-infosys-tcs-mphasis-coforge-tech-mahindra-benefit-share-price-stock-market-recovery-nifty-50-ws-e-19907974.htm)

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