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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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