Strong Rupee. Weak Dollar

A rooftop dealer who fixes expensive and exclusive rooftops for houses in Manhattan, New York is worried about the stock market falls in Asia. What's the connection? As unconnected as it seems, the individual identified that his market was for the wealthy, and his wealthy clients are exposed to international markets. And, the expensive rooftop is almost the first item that they'll cut in their budget, if they're feeling the pressure of drop in international markets.

It's such an integrated world! When we say the "world is flat" - it's flatter than it has ever been, and continuing to get flatter.

If international currency vagaries affect people in the US, what happens to the offshore outsourcing firms in India, whose sole business is dependent on the international currency and the differences in currencies thereof? How about the outsourcing companies that have anywhere between 60-99% business revenues coming from the USA? On the other hand, Indian economy is strengthening on a quarterly basis and the Rupee is becoming stronger on a daily basis...more