New Delhi, June 30: The depreciating value of rupee clubbed with a slowing global economy is making hiring decisions a "challenging" task for many companies, according to experts.

"A falling Rupee makes imports costlier, pushes up the costs of imported raw materials, and increases the external borrowing and repayment cost, to name a few. This trend clubbed with a slowing global economy, makes hiring decisions challenging for companies," said Aditya Narayana Mishra, president of staffing at HR firm Randstad India.

The fall of rupee would result in an increased inflation and, thus, stagnant growth of the economy. And hence, it would affect all industries and the human resource domain would be no exception.

Indian rupee sank to an all-time low of 60.72 on June 26 last week against US dollar, dragged down by a heavy month-end demand for the US currency.

However, it recovered, fuelled by a robust rally in local stocks, to end at 59.38 on Friday.