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Rising Rupee
by vishal gupta on Jul 28, 2007 09:41 AM

I have been seeing this type of columns in Rediff since last 8-9 months... columns against the Rising rupee and presenting the wrong picture, creating havoc among the Indians. Let me tell you that it is not Rupee which is rising, but the value of Dollar is falling and it is falling against all the major currencies of the world and when you compare Rupee with other currencies like Pound, Euro etc there is no rise as such... so to say that US will try to find some other place for outsourcing or the jobs will go away to some other place is not at all correct...
I would request rediff to stop this nonsense, it is a fact that US has no other option because of the advantage India has of the english speaking population....

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The above message is part of the Discussion Board:
Rupee rise: How you are affected