Thank you for the opportunity. So my first question is , I think in the call you have mentioned that we would have some impact on forex. Now for the APM gas and all the contracts, is there hedge for us or all the contracts, even including APM are unhedged for us as far as forex is concerned?
Is my understanding correct, if I say that the rupee has depreciated by 3% in, say, quarter 4. So my cost directly gets impacted by 3%, right?