IT software industry trade body Nasscom has rejected allegations made by US senators of abuse of visas by some Indian companies.
"We have not seen anything beyond allegations," Nasscom President Kiran Karnik said responding to questions at a news conference in Bangalore. "There is no real misuse."
Karnik maintained there was no scope for misuse by big IT companies as they were transparent in their functioning.
But he maintained there could be some small companies -- he stressed not Indian firms -- misusing them.
NASSCOM Chairman Lakshmi Narayanan said authorities in the US were only collecting data in this regard. He add
ed there was no direct accusation or allegation of misuse against Indian IT companies.
Two US Senators Richard Durbin and Chuck Grassley last month claimed that top 20 H1-B users, which included Indian IT companies such as TCS, Satyam, Wipro and Infosys, 'abused' L-Visa programme.
Karnik also said the export-driven IT industry was concerned over 'rapid appreciation' of the rupee against the US dollar. "The appreciation was too much, too fast," he said.
Karnik pointed out the rupee had appreciated by as much as nine per cent in the last three months. He noted that China was holding its currency steady and within a "small band".