We allways think Dollar is an important currency and ours is not good. Those days are gone.India is growing in a fast manner.It is a growing economy.The top fund managers of west are investing more money in India now.It will become a developed country in a few years time.When globalisation is accepted the people should accept some ground realities.The weak American economy and strong Indian economy is made Dollar weaker and Rupe strong.We have to find somer alternative way of doing international businesses in future.Importing rawmaterials in Dollar term and exporting in Euro or some other strong currency is a better option now.The predictions are going that the Dollar may go down another 3 to 5% in an year.As shiv khera said only those who think differently can win.
RE:Too much hype for rupee appreciation.
by karthik iyer on Jul 25, 2007 01:09 PM Permalink
Actually the rupee rise exposes the Indian IT story all these so called Indian IT Majors do the low-tech, labour intensive work, so the billing rates are low. If they have to beat the the heat of rising rupee this companies should move up the value chain get hi-tech and knowledge intensive work.
