India's Rising Rupee Bedevils Outsourcers

On top of surging wages and ferocious competition for talent, a turbocharged currency is adding to Indian outsourcers' earnings pressure

The Indian rupee seems to be on steroids this year. On Apr. 24, the currency surged to 41.14 to the U.S. dollar, its highest rate in nine years. In just the past six months, the rupee has appreciated 8.4% against the dollar, and economists predict the Indian currency will be even stronger in coming months.

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