Wednesday, September 26, 2007

The recent strengthening of the rupee is more to do with an external action of a Fed rate cut

Re appreciation and business decision-making

Chennai, Sept. 25 The rupee tale has two sides – the visible one that shows as the ascent of the rupee on the dollar chart; and the not so visible, the changes that the currency movements have been causing to decision-making in companies. Business Line sought to get a feel of the rupee view from the finance chief’s desk…

“Let’s cut to the chase. There has been a major functional correction over the last nine months resulting in a significant appreciation in the Indian rupee,” begins Mr Balraj S. Hora, Asia Pacific Finance Director of Hewitt Associates, a global player in human resources (HR) consulting, multi process HR outsourcing and benefits administration.

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