Euro Falls; US Dollar Rises Against Rupees and Pesos
The crisis in the Greece, and the collapsing price in the Euro, is impacting the business process outsourcing industries in India and the Philippines. The Euro's recent fall has made outsourcing to India and the Philippines more expensive, while making it more attractive to customers in the United States. As of this morning, the dollar is trading for 47.42 Rupees. The Dollar is at its strongest exchange rate to the Rupee since September of '09. Meanwhile, the Dollar is at its strongest relative to the Peso since November of 2009. It is now trading at an exchange rate of 46.85.
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