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MARKET EYE-India's Infosys falls; rupee sparks outlook fears

* Shares in Infosys

fall 1.4 percent on concerns the Indian software services exporter may cut guidance when it reports quarterly results this month because of a recent appreciation in the rupee

and potential wage hikes. * Nomura says it expects Infosys to retain its fiscal 2013 dollar revenue growth guidance of 5 percent but cut earnings-per-share guidance by around 2 percent to 163 rupees on rupee terms because of the currency impact. * Nomura also warns any announcement on wage hikes would be key. * "We believe there is a high likelihood of a wage hike in 3Q as growth comes in line with guidance," the investment bank says in a noted dated on Wednesday.

(abhishek.vishnoi@thomsonreuters.com)