Rediff
The appreciation of the rupee has not really spelt great times for quite a few. Consider the business process industry in Bangalore. According to experts the operating margins for BPO units are at 12 per cent and the appreciation of the rupee this year is expected to have a 9 per cent impact on their margins: meaning it will effectively negate whatever big profits or growth BPO units were hoping for.
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The appreciation of the rupee has not really spelt great times for quite a few. Consider the business process industry in Bangalore. According to experts the operating margins for BPO units are at 12 per cent and the appreciation of the rupee this year is expected to have a 9 per cent impact on their margins: meaning it will effectively negate whatever big profits or growth BPO units were hoping for.
Read full article
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