Rising rupee knocked off 10% of my net worth (in Indian rupees of course) as most of the earnings remain in foreign currency - un-hedged. You gain some, you loose some! Much ink and newsprint is spent by the media on the travails of exporters, but I can see and feel about the small income earners abroad, who must have been hit pretty severely indeed.
It is a whole new dimension to the effects of globalization!
No comments:
Post a Comment