Elevated global bond yields are compressing corporate profits, while US visa fee hikes and rupee depreciation are impacting Indian IT firms and foreign portfolio flows.
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What happened
Elevated global bond yields are compressing corporate profits, while US visa fee hikes and rupee depreciation are impacting Indian IT firms and foreign portfolio flows.
How it developed
Newest first. Tap a step to see who reported it.Rupee depreciation expands operating margins for Indian IT firms, offsetting some import cost pressures from high crude prices.1 source
Yield compression, H-1B fee hikes, and rupee depreciation are creating margin drag and affecting FPI flows in India.1 source