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December 13, 2004

35 is the magic number

Thats the magic number to take lot of India based BPO companies down the drain if dollar hits that number against rupee. Currently it stands at ~43.

This will cause new business development alignment to take shape.

The Reserve Bank of India has a relatively easy job protecting its $125-odd billion forex kitty -- it can hold Euro or Yen-denominated assets. In fact, the Central Bank has already started to diversify away from US government T-Bills.

The IT industry cannot shift that easily from America. Those markets produce nearly three-fourths of IT revenues and more than 80 per cent of BPO revenues.

Dont we live in a highly connected world !

December 13, 2004 in Dismal science | Permalink


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