Rising rupee makes the exporters sweat!

With the rupee rising steadily against the U.S dollar,most of the exporters are already feeling the pinch as they can see their profits evaporating fast as a result of the falling Dollar.it is not only the exporters who are feeling the pinch but also the other companies that provide/export their services to their western counterparts.and since they get paid in the U.S dollar,their profits are also fast drying up.

Naturally the BPO's come under this list.the key question on everyone's mind is that will India follow Japan's route.that is,will the RBI intervene in the market and make sure that the dollar does not weaken any more.such solutions are quite risky and any gains made by such moves is temporary because sooner or later the natural order of the currencies will prevail.Japan knows that they are only postponing the inevitable and hopefully India will realise this as well!

japan,exporters,united states,currency,