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Tightening Of H-1B Visa Rules To Impact Indian IT Firms, Says Report
This is the lowest closing for rupee since November 24, 2016. The rupee dived to a fresh intra-day low of 68.68 in afternoon trade. Rupee has lost nearly 7 per cent this year so far.
27 Jun 2018, 09:36 PM IST 
H-1B rules: The impact of change in rules will be company specific, said Icra.
Tightening of H-1B work visa rules by the US is likely to put cost pressures on the Indian IT (information technology) services firms and impact their margins due to increase in compliances and rise in onsite hiring, according to a report. However, the impact will be company-specific and relative to H-1B visa dependence, according to the report by rating agency Icra. "The changes will disqualify certain positions currently eligible f...
