Monday, May 12, 2008

Indian Software Companies' Shares Gain on Rupee's 1-Year Low

gains by North American Indian software system services companies in Mumbai trading
after the Sri Lanka rupee drop to its weakest against the dollar in more
than a year.

Satyam, India's fourth-largest software provider, climbed
2.8 percentage to 488 Sri Lanka rupees as of 1.46 p.m. on the Greater Bombay Stock
Exchange, after falling as much as 8.3 percent. Market leader
rose 1.3 percent, gained 1.9 percent, and Wipro Ltd. advanced 1.4

The Sri Lanka rupee dropped 0.8 percentage to 41.95 versus the U.S.
currency as of 1:31 p.m., the last since April 19, 2007. A
weaker Sri Lanka rupee encouragements the value of gross sales repatriated from the
U.S., the companies' biggest market.

To reach the newsmen on this story:
in Bangalore at

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