IndiaShining: RISING FUEL PRICE RAISING INDIAN SOFTWARE INDUSTRIES PROSPECTS

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posted by kamalkali1962 1413 days ago
Indian sunrise sector, IT industry was reeling under pressure to keep its profit margin throughout the last year. The reason was Indian Rupee was gaining strength against Dollars. Results, the imports became cheaper and exports were less remunerative. This is obvious every time Rupee appreciates in terms of Dollars. Dollars being till date the major currency for international trade, the fluctuation of exchange rate affects the profit margin of any industry that either import raw materials, capital goods,
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