The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) amounting to 10-12% in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report. | Photo Credit: G.P. Sampath Kumar The […]
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The rupee depreciated 6 paise to 82.62 against the U.S. dollar in early trade on Tuesday amid a stronger dollar and mixed global cues. | Photo Credit: The HIndu The rupee depreciated 6 paise to 82.62 against the U.S. dollar in early trade on Tuesday amid a stronger dollar and mixed global cues. Traders said […]
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The rupee depreciated 19 paise to 82.94 against the U.S. dollar in early trade on February 27, 2023. | Photo Credit: C. Venkatachalapathy The rupee depreciated 19 paise to 82.94 against the U.S. dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. At the […]
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There is an expectation of further depreciation, which can lead to further capital outflows There is an expectation of further depreciation, which can lead to further capital outflows The rupee’s steep slide to the 79-to-a-dollar range is bound to impact importers, widen the current account deficit (CAD) and increase the value of India’s external debt […]
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