impact

Rising Rupee, Falling Dollar – Zero Sum Game?

Rising Rupee, Falling Dollar – Zero Sum Game?
The Indian rupee is close to its 9 year high against US Dollar, and scores of news has been written about it in the pink newspapers and business channels. They are mostly sympathic towards the Indian IT companies and how they has been adversely affected by its fall (1% of rupee apprecation means 0.75% fall in earnings).