Taj Mahal says Rupee In, Dollar Out

If the dollar’s worldwide slide in value hasn’t set off any alarms yet, you should take note of the latest news out of India. The dollar is no longer accepted at the Taj Mahal and other tourist sites throughout India. Granted, this isn’t exactly the arbiter of the dollar’s value, rather it’s an exemplification of the worldwide perception about the United States.

Yet, this has ramifications for every business out there. In an increasingly global and volatile world, there’s no question that it’s becoming exceedingly difficult for US based businesses to expand overseas. While exports have benefited, establishing operations in local foreign currency is becoming dicey.

And it will only become more so throughout this election year.

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This entry was posted on Tuesday, January 15th, 2008 and is filed under Economy, Business Trends.

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