By Ayushman Baruah Despite a depreciating rupee against the dollar, IT stocks are under pressure due to macroeconomic uncertainties in key markets such as the US. The BSE IT Index has lost more than 25% since January. The rupee has depreciated by approximately 7.5% against the dollar in this time. Indian IT services companies are facing headwinds due to numerous factors like supply-side pressures, fall in demand due to global economic challenges, high attrition, and pressure on margins. Also Read| Indian Rupee: More downside in INR against US Dollar on cards, bullishness intact above 78.50 on spot The possibility of …
