Donald Trump: Rupee and dollar movement to keep IT margins on edge

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The rupee’s backloaded retreat against the US dollar in 2024 helped buttress third-quarter profitability at India’s $254-billion outsourcing industry, but unpredictability in future levels of the euro, pound and the yen through the initial weeks of Donald Trump 2.0 makes trend forecasting as tough as predicting accurately the London weather.“Last quarter (October to December), there were headwinds in Euro and GBP. So, the USD depreciating effect was neutralised at some service providers with higher exposure to GBP and the Euro,” said Pareekh…



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Donald Trump: Rupee and dollar movement to keep IT margins on edge


The rupee’s backloaded retreat against the US dollar in 2024 helped buttress third-quarter profitability at India’s $254-billion outsourcing industry, but unpredictability in future levels of the euro, pound and the yen through the initial weeks of Donald Trump 2.0 makes trend forecasting as tough as predicting accurately the London weather.“Last quarter (October to December), there were headwinds in Euro and GBP. So, the USD depreciating effect was neutralised at some service providers with higher exposure to GBP and the Euro,” said Pareekh…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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