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Virtusa Purchases Multiple Foreign Currency Forward Contracts


Wednesday, 28 Feb 2018 03:56pm EST 

Feb 28 (Reuters) - Virtusa Corp ::VIRTUSA -ON FEB 23, CO PURCHASED MULTIPLE FOREIGN CURRENCY FORWARD CONTRACTS DESIGNED TO HEDGE FLUCTUATION IN INDIAN RUPEE AGAINST U.K. POUND STERLING​.VIRTUSA SAYS U.K. POUND STERLING CONTRACTS PURCHASED HAVE TOTAL NOTIONAL AMOUNT OF ABOUT £6.3 MILLION & HAVE AVERAGE SETTLEMENT RATE OF 94.87 INR - SEC FILING.VIRTUSA CORP - ‍ON FEB 26, CO PURCHASED MULTIPLE FOREIGN CURRENCY FORWARD CONTRACTS DESIGNED TO HEDGE FLUCTUATION IN INDIAN RUPEE AGAINST U.S. DOLLAR​.VIRTUSA SAYS U.S DOLLAR CONTRACTS PURHCASED HAVE TOTAL NOTIONAL AMOUNT OF ABOUT $25.0 MILLION & HAVE AVERAGE SETTLEMENT RATE OF 66.91 INR. 

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