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EXLService's forex de-risking could be viable option for IT/BPO firms
Though the rupee is touching a new low almost every passing day, the export-oriented information technology (IT) and business process outsourcing (BPO) companies don’t benefit much, as most of them had taken forward cover from banks at certain price points. Any depreciation of the rupee beyond that rate would only benefit the banks where they have hedged their forex risk.
However, BPO services
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