October 1

USD Apprising
Posted on October 1st, 2008 at 11:59 PM by Ravi

The US economy is falling. They are holding meetings there to find ways to fix the issue and try to possibly save the country from disaster. But the USD price against Indian rupee is shooting UP. Straight up. About untill 2 months ago, the USD price was INR 39, and now it is 47.5. Looks like in a few weeks it will cross the 50 rupee mark after a long time.

Good for people who do export of goods or sell services and get paid in USD. But what about people like me who buys services from the US? We have to pay more now, and unless we get business from outside India things will be quite difficult for us.

Goods such as weight loss pills will always sell. But what about the extra GB that people might want to host their blogs? Definitely people will look for options to cut costs, and thats a loss of business for us. Clearly means that we need to bring in more clients and again have to face the costs of client acquisition. Gonna be a real tough job.

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