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....
RE:Rising Rupee
by Anuroopa Yedire on Jul 28, 2007 12:13 PM Permalink
Vishal, I agree with you that dollar is loosing value, but if you compare the rupee with euro and pound in last 6 months, rupee has appreciated quite well. I went to Germany 6 months back and euro that time was ~58, now it is around 55, pound was 88 and now it is 80....so rupee is defenitely appreciating.
