Friday, February 27, 2009

1 USD = 51.12 INR

Today, when I was checking the Indian currency against US Dollar, it reads 51.12 Rs against 1 US Dollar. In India, economists and politicians are telling that India is well positioned for the economic crisis where as in USA right from Barack Obama to Joe, the plumber everyone is agreeing that Dollar is weakening. How come the US Dollar is appreciating only against the Indian Currency ? Do you know that all software exporters like TCS, Infosys, Wipro etc have major US clients and their revenues are directly dependent on stronger dollar against weaker rupee ? Make Hay while sun shines and our software exporters are enjoying as the sun shines.

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