It seems to me that this moaning and groaning about the rise of the rupee is from a single point of view - that of the Tech companaies. I have not read a word about the impact on the major dollar outgo of the country - oil. Surely a stronger rupee means we pay less for oil ( 70% of the national requirement is imported, and this is the biggest single expense, as mentioned). Surely that has a cascading effect on all prices, and on the national economy as whole. Why hasn't anyone talked about this? Or is IT all that matters today in India?
