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Breaking Posted 11 hours ago

Indian Tech Stocks Drop 30% YTD After Accenture Growth Warning

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Indian software shares fell sharply Friday after Accenture forecast slower revenue growth, accelerating a sector-wide selloff that has erased nearly 30% of market value in 2026. The warning reinforced fears of weakening global IT spending. USD/INR is the primary pair to watch, as sustained pressure on India's tech export sector threatens rupee earnings and foreign inflows. Broader risk-off sentiment may also weigh on AUD/USD and other risk-sensitive pairs.
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