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  • Wipro Billion Dollar Hedge

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    Wipro instituted a $1 billion hedge in March 2004 to protect against anticipated dollar revenues for 2004-2005 as the rupee was climbing rapidly at the time. However, by September 2004 Wipro had accumulated over Rs. 2.5 billion in mark-to-market losses on the hedge as a change in the Indian government and global economic environment caused the dollar to rise 6% over the past six months, dramatically changing the picture since the hedge was put in place.

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    Wipro instituted a $1 billion hedge in March 2004 to protect against anticipated dollar revenues for 2004-2005 as the rupee was climbing rapidly at the time. However, by September 2004 Wipro had accumulated over Rs. 2.5 billion in mark-to-market losses on the hedge as a change in the Indian government and global economic environment caused the dollar to rise 6% over the past six months, dramatically changing the picture since the hedge was put in place.

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    37 views3 pages

    Wipro Billion Dollar Hedge

    Uploaded by

    rbiswal57
    Wipro instituted a $1 billion hedge in March 2004 to protect against anticipated dollar revenues for 2004-2005 as the rupee was climbing rapidly at the time. However, by September 2004 Wipro had accumulated over Rs. 2.5 billion in mark-to-market losses on the hedge as a change in the Indian government and global economic environment caused the dollar to rise 6% over the past six months, dramatically changing the picture since the hedge was put in place.

    Copyright:

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    Download as PPTX, PDF, TXT or read online from Scribd
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    WIPRO BILLION DOLLAR HEDGE

    PRESENTED BY:-
    COMPANY PROFILE
    • In September2004,wipro had accumulated mark to
    market loss of overrs2.5 billion on a $1 billion hedge
    that is instituted in march 2004.back in march,when
    the indian rupees was climbing rapidly,wipro had
    changed its risk management policy and decided to
    hedge a major part of its anticipated dollar revenues
    for 2004-2005.Since then, a change of govt of india
    and major changes in global economic enviroment
    had changed the picture dramatically.Over six months
    from march31 to sep 30,the dollar had risen by 6%.

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