We need to allow the Rupee to appreciate. It is a sign of good economy. When the economy is on the raise evertthing becomes more expensive. Along with the growth in the IT industry the cost of labour in this industry has also grown drastically. The IT companies have to understand that the input costs in not just the cost of labour but also the cost of currency. Asking for RBI intervention by IT companies is as much unacceptable to others as implementing salary cuts will be to its employees. When the rupee depreciates oil majors are making losses but when rupee appreciates, IT companies are seeing only decreased profits. There are no prizes for guessing what is right.
