25-06-2014, 11:59 AM
The Fall Of Rupee Good For Indian BPO Companies
Is The Fall Of Rupee.ppt (Size: 331 KB / Downloads: 10)
The Fall Of Rupee Good For Indian BPO Companies
Indian Rupee continued to fall for another week and is now trading at around 52.73 per dollar. Various economists have expressed their concerns over this fall and want the government and RBI to take some serious actions. However, there is speculation that outsourcing and exporting companies are registering increased profits due to this decrease in value of rupee. Notably, rupee is not just weak against the United States Dollar and it is also falling against other currencies like Pound and Euro over the last thirty days. So what is the true story behind this? Are BPO companies really happy with this fall? Let’s find out..
Actually, to an extent the rupee fall has benefited the BPO companies as the clients are paying in their home currencies so the companies here in India are receiving more money because of the difference. However, some of the giants are not happy with this fall. Infosys has already said that rupee fall may be beneficial in small run but it will harm the economy on the larger scene
Hence rupee fall is not god for any industry and if it keeps sliding then the BPO sector will have to prepare for a tough time. The concerns over global slowdown and anti-globalization movement can combine with this fall in rupee and hit the Indian economy very hard by slowing down the growth rate for many years.