Indian IT firms to see marginal impact of Greek crisis: BofA

Indian IT firms to see marginal impact of Greek crisis: BofA

According to the research report Indian companies will see a marginal impact of 1-2 per cent from the economic crisis in Greece due to their exposure to Europe. Global financial firm Bank of America Merrill Lynch (BofA-ML) noticed that there will be an indirect impact on Indian IT sector due to the exposure to Europe and because of the movement in the euro-rupee exchange rates. The economic crisis in Greece has affected the global stock markets including India. Greece prime minster announced capital controls and shutdown of bank.

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