Related: Rising Rupee, Falling Dollar
The rise of the rupee [INR] against the dollar [USD] has Indian outsourcing companies worried, as two-thirds of their business comes from the U.S. The rupee has appreciated against the dollar by about 8 to 9 percent in the last three months.
It’s a difficult time for Indian outsourcers as they are already struggling with rising staff salaries. More on PC World.