The rupee closed at 86.58 against the dollar, slightly weaker than the previous day, as early gains were erased due to a rebound in the dollar...
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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 rupee closed at 86.58 against the dollar, slightly weaker than the previous day, as early gains were erased due to a rebound in the dollar...
- by Ismail Olatunji Rising operating costs have become increasingly overwhelming for most businesses in Nigeria in the past two to three years....
IndiGo has reported an 18% decrease in Q3 profit to Rs 2,449 crore despite a 14.6% rise in total income, impacted by the weaker rupee. Benign fuel...
The ASX200 fell 1.2 per cent and the dollar hit a nearly five-year low after a strong US jobs report lowered expectations for quick rate cuts.
Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing India’s drive to become a...
The rupee hit an all-time low as it slid down for the second straight session since the US dollar rallied upon better-than-expected job growth in the...
Hard Truths… By GHK Lall Kaieteur News-Talk about a mismatch and the evidence is overwhelming. There is Guyana’s oil patrimony and there are...
WRB's fourth-quarter results are likely to reflect higher premiums at both the segments, partially offset by higher expenses.
ELV's fourth-quarter earnings are likely to have benefited from growing premiums, partially offset by higher expenses.