The two verticals that most IT companies saw notable slowdown were banking and telecom, and these two sectors saw significantly higher digital spend during the pandemic period. The commentaries by companies indicate that project ramp downs or cancellations might still be on-going as and when these projects come up for renewals.
ICICI Bank’s B Prasanna sees no immediate risk of rupee hitting 90 against dollar
B Prasanna from ICICI Bank discusses the recent depreciation of the Indian rupee due to global dollar strength, suggesting that allowing the rupee to depreciate,
January 15, 2025