Seems, sharp depreciation of the rupee against dollar in recent times is forcing most policy makers and economists to take it as a huge negative impact on the country's economy. 

According to the National Association of Software and Services Companies (NASSCOM), the currency volatility will hinder the planning process for the $100-billion IT-BPO industry. NASSCOM is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry.

In contrast to NASSCOM report, some other market watchers believe, there are some sectors like software which is likely to gain from the sliding rupee.  

As far as the Indian IT companies are concerned, TCS, Infosys and Wipro would be benefitted the most from the latest rupee weakness as they derive their revenues from customers outside India, and most of their capital inflow is in the form of US dollars. Moreover, there are some other sectors like pharmaceuticals and metals & mining, which are also likely to gain from the sliding rupee. 

It is reportedly said, one percent rupee depreciation has a positive impact of about 25-40 basis points on the margins in Indian IT industry.