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Maroc - Times of India - Business - 24/01/2025 01:44
Moody's indicates that most Indian companies are shielded from rupee depreciation because of mitigating factors, whereas govt-owned oil marketing companies, Ola, and UltraTech Cement are adversely affected. OMCs experience a currency mismatch with rupee-linked marketing revenues and US dollar feedstock costs, which are partially offset by US dollar-linked fuel sales and government support.
The National Petroleum Authority (NPA) says Oil Marketing Companies (OMCs) are free to reduce fuel prices at any time, insisting the downstream...
In addition, Oil Marketing Companies (OMCs) in the country have storage facilities for crude oil and petroleum products for 64.5 days.
In addition, Oil Marketing Companies (OMCs) in the country have storage facilities for crude oil and petroleum products for 64.5 days.
The Indian rupee rebounded on Thursday, recovering 51 paise to trade at 91.54 against the US dollar after hitting a record low. This recovery follows...
The Indian rupee rebounded on Thursday, recovering 51 paise to trade at 91.54 against the US dollar after hitting a record low. This recovery follows...
Oil marketing companies are absorbing recent crude oil price spikes, creating a buffer against inflation and GDP impacts. Despite a 16.8% rise in...
Oil marketing companies are absorbing recent crude oil price spikes, creating a buffer against inflation and GDP impacts. Despite a 16.8% rise in...
The rupee faces renewed pressure as the West Asian conflict escalates, worsening trade and energy situations. Analysts anticipate the rupee breaching...