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Tag Archives: Dollar-rate

Infosys changes strategy, targets rural banks

Rural is the new urban.
Looks like anything rural is the flavor of the month. Nokia has launched low-cost handsets targeting the rural consumers. ISRO is working on a satellite for rural Internet connectivity. All the telecom major's are laying their networks to connect the rural areas as the urban market is near saturation.Now, its Infosys turn. After coming up with a voluntary sabbatical scheme, Infosys has come up with one more first of its kind. Infosys is usually associated with high-end financial services for top clients. Their dollar rate is also high when compared with other Indian vendors. Given that background, Infosys targeting rural banks in India came as a mild shock to me.

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Fast rise and even faster fall

rupee-dollar-conversion-graph.png

India's stock market and Rupee growth has been fast and furious. The fall seems to come even faster.

I have been going gaga over the rise of Indian stock market as well as the rise of Rupee against dollar in the recent past. This blog has seen number of articles published previously on rupee fall and its repercussions for export oriented sectors like IT/ITES.

However the tide seems to be turning even faster. The stock market is plunging in big numbers every second day and the loosing streak does not seem to be ending. Indian stock market has come down to 15000 levels from high of more than 21000 levels in just 2 months. Investors have lost thousands of crores in this carnage.

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