Demand is not a challenge at all. We are expecting rate increase to be in the range of early teens. And as far as business on books is concerned, for Q4 also demand looks to be quite good. And if we fast forward to Q1 of FY25, so this year, Q1, we had election season which led to dampening of demand for the industry in Q1. So, for Q1 next year, we are sitting on a very high base.
Dollar slides on easing trade tensions, Fed expectations
The dollar weakened due to Trump’s potential shift in tariff talks and expectations of Federal Reserve rate cuts. The euro reached a seven-week high. Sterling