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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Perspective who wrote (81209)4/27/2007 12:18:40 PM
From: Oblomov  Read Replies (1) of 110194
 
"India's rupee advanced for a fifth day, extending a rally to the highest in almost nine years, as global funds more than tripled stock purchases this month. The rupee rose as much as 0.5 percent to 40.725 against the dollar, the highest since May 22, 1998, before closing at 40.93 at 5 p.m. in Mumbai, according to data compiled by Bloomberg.
"

Probably not good news for IBM, ACN, and other companies that have offshore headcount as a key feature of their business models.
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