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Oct28
Rising Rupee, falling Dollar: Who's saying what
Kiran Karnik, president, Nasscom says, "It's a difficult time for Indian outsourcers as they are already struggling with rising staff salaries."

Subroto Bagchi, COO, MindTree Consulting, “People in the government have gone on record saying the IT industry can take the rupee impact and hence, the government's measures are justified. What policy-makers have failed to understand is that larger companies with their huge reserves can take the impact. But remember, they only represent the past, while the future lies in start-up, small to mid-size companies." 
 
Atul Jalan, CEO, Manthan Systems, a Bangalore-based software firm, says the rupee impact, in the long-term, may drive the industry towards a good mix of higher value business.

Raman Roy, founder, Quatrro BPO Solutions, says, "It's indeed a challenging period for BPOs as 100% of their business is done offshore and all their expenses are met in rupees, when IT firms get an onshore share of 30-40%."

harathwaj, chief marketing officer, 24/7Customer, "BPO companies too are looking at ways of hedging by diversifying across markets like Canada, UK and Australia, changing delivery mix to countries where the currency appreciation has not been as steep and looking at medium and long-term hedges to manage future US dollar declines. This may offset the impact,

Source Rupee appreciation: FAQs


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« Rupee vs Dollar: BPOs tense | Main | "How much would you take off?" »

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