Rupee Seen Failing to Help Lift Infosys Margins: Corporate India
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The rupee’s slide to a record low may fail to lift profit margins for India’s biggest software exporters as Infosys Ltd. and Tata Consultancy Services Ltd. pass on the currency benefit to clients in a race for orders.
India’s rupee has slumped 6 percent this quarter, making it the worst performer in Asia, and touched an all-time low of