Corporates expect rupee to rise further
The big daddies of Indian IT will now have to spend more time figuring out how to deal with rising rupee. Assocham has polled more than 200 corporate heads and found that they expect Rupee to rise further. The rupee has appreciated over 15 per cent in just over a year making life difficult for exporters. Assocham's study of 215 CEOs and Managing Directors points to more trouble ahead.
