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The rupee’s backloaded retreat against the US dollar in 2024 helped buttress third-quarter profitability at India’s $254-billion outsourcing industry, but unpredictability in future levels of the euro, pound and the yen through the initial weeks of Donald Trump 2.0 makes trend forecasting as tough as predicting accurately the London weather.“Last quarter (October to December), there were headwinds in Euro and GBP. So, the USD depreciating effect was neutralised at some service providers with higher exposure to GBP and the Euro,” said Pareekh…
