How IT Entrepreneurs Are Tackling Strengthening Rupee
"Most of our products are imported, while all of our orders are in INR. When there is a delay in the projects, it really hurts the bottomline of every player including OEMs," regional sales director-India, ME and SEA at Array Networks, Shibu Paul said.
"We have requested some of our Indian global customers to place orders in USD in U.S. for meeting our global requirements," he said.
Taking orders in USD helps in controlling fluctuations, Paul added.
Netrack Enclosures, which acts as a single window solutions provider for all data, network and server-related concerns, feels that appreciation is bad for exporters.
"We earn less profit if input cost is not reduced," brand head, director sales & support at Netrack, Ravi Raj said.
The rule is, if rupee appreciates, input material cost should reduce and balance out, he added.
The rupee had touched its lifetime low of 68.85 against a U.S. dollar in August last year, but has strengthened since then. On Friday it closed at 59.17 per dollar.
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