Narayana Murthy asks BPOs to cut costs

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The chief mentor of IT major Infosys Technologies, N.R. Narayana Murthy on Saturday urged Indian software and services firms to cut costs to tide over depleting margins following the rupee rising against the dollar. The rupee hit a nine-year high of 40.20 against the dollar last month, with foreign buying of stocks as the Indian market surged to succession of record highs helping drive its gains.

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