Monday, October 1, 2007

Rupee-dollar movement continues to be an issue of high criticality for Indian exporters

‘Rupee appreciation here to stay’

When everything is rising — rupee, wage costs, attrition, billing rates, etc — isn’t the IT industry facing a tough time?

“Yes, but this is one of the realities of globalisation and hence, while it may be a cause of concern in the short term, it is definitely not wholly unexpected,” says in answer, Rajiv C. Mody, Chairman and Chief Executive Officer of Saske n Communication Technologies Ltd, a telecommunications software services and solutions company.

“We have been enjoying the advantages of the difference till now, and eventual balancing out was natural. Rupee appreciation is here to stay and likely to appreciate further,” he adds, in a recent e-mail interaction with eWorld.

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