Indian Rupee (INR) has appreciated more than 10% against the USD in the last 3 months - This is going to hit the bottomline of Indian exporters, the giant Indian software companies and also the US companies investing in India. I'm not a macroeconomics expert, but I am sure that the direction of Rupee will have a strong say in deciding the future of outsourcing industry in India.
Tuesday, May 15, 2007
Rupee vs US Dollar
Indian Rupee (INR) has appreciated more than 10% against the USD in the last 3 months - This is going to hit the bottomline of Indian exporters, the giant Indian software companies and also the US companies investing in India. I'm not a macroeconomics expert, but I am sure that the direction of Rupee will have a strong say in deciding the future of outsourcing industry in India.
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