I don't know how or if this will impact abstractors who work for Indian outsourcers but it doesn't look good.
U.S. Banks Close Rupee Exchanges After Large Bills Ruled Illegal
Five-hundred rupee ($7.34) and 1,000-rupee notes ceased to be legal tender Nov. 9, Indian Prime Minister Narendra Modi said last week in a surprise announcement, sweeping away 86 percent of the total currency in circulation. This is the equivalent of 220 Billion US dollars suddenly sucked out of the Indian economy.
You can read the Bloomberg article here
to post a reply:
login - or -
register