Sunday, September 30, 2007

Appreciating Rupee

Its shrinking my canvas. Its poisoning my dreams. Its ripping my wallet. When will this carnage stop? Or will this deluge ever recede? 0.5% drop by Fed in US caused a Tsunami of dollars that hit Indian Shores and bouyed the sensex by 10-15% in just a couple of weeks and rupee breached 39.

I'm not sure which side of Dollar Rupee equation am I on. I have a portfolio in India thats doing well, thanks to rate cuts introduced in US. At the sime time, I'm worried that my dollars are losing their green glimmer.

IT companies are no longer growth stocks. Even with high revenue growth, the margins and net profits are lagging.

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