Scissors Crisis
Published By: BS on eSS | Published Date: October, 22 , 2007As the rupee has climbed against the dollar, the impact on big firms, small and medium sized software firms, are outlined. There is a “scissors crisis” of revenue under downward pressure because of cheaper dollars and costs facing upward pressure in more expensive rupees. What has got squeezed between these two moving blades are margins and profits.
Author(s): T.N. Ninan | Posted on: Oct 22, 2007 | Views(2916) | Download (321)