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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 Indian rupee opened the week weaker, falling to 90.24 against the US dollar, extending its recent decline. This depreciation is attributed to...
The Indian rupee opened the week weaker, falling to 90.24 against the US dollar, extending its recent decline. This depreciation is attributed to...
The Indian rupee is facing a volatile week, having already slipped significantly against the dollar. Political uncertainty in Venezuela and broader...
The Indian rupee is facing a volatile week, having already slipped significantly against the dollar. Political uncertainty in Venezuela and broader...
Despite these positives, Indian equities failed to deliver strong returns and the rupee underperformed against most global currencies, including the...
Despite these positives, Indian equities failed to deliver strong returns and the rupee underperformed against most global currencies, including the...
Some oil marketing companies (OMCs) have started implementing marginal reductions in ex-pump fuel prices at the start of the New Year, marking the...
Some oil marketing companies (OMCs) have started implementing marginal reductions in ex-pump fuel prices at the start of the New Year, marking the...