Tuesday, May 29, 2007
Scary Rupee appreciation
The Rupee versus dollar has been going on for some time and it creating records day by day. The exchange rate has affected almost every international company in India now. So much so that companies like Wipro, Infosys and TCS with their maximum revenues from foreign countries are considering renegotiating the prices of their services. How long would this last . If the stalwarts start pressurizing folks around, it should come under control soon. Hope !!!
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2 comments:
I want it to appreciate so that purchasing power in India will increase. We won't be losing business for some segments because some people work higher up the value chain. there is no national mandate to devalue the rupee. There has always been a mandate to improve std of living, purchasing power etc, in India -not the other way round. so its not a scary thing indians can also stand on their own legs...
appadi podu aruvaala...
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