The rupee fell 51 paise, closing at 87.2 per US dollar, marking its sharpest decline in three weeks. Regional currency weakness, importer hedging, and...
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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 fell 51 paise, closing at 87.2 per US dollar, marking its sharpest decline in three weeks. Regional currency weakness, importer hedging, and...
The intensification of trade war risks and uncertainty surrounding US trade policies have led to market concerns.
Falling rupee and rising hotel tariffs have made overseas holidays more expensive for Indians, with a 15%-20% increase in costs compared to last year....
Motilal Oswal Financial Services Ltd recommends Hindalco and UltraTech as top stock picks for the week of February 24, 2025. Hindalco showcases strong...
By Willem Thorbecke The Japanese real effective exchange rate is now at its lowest level in 54 years. Despite the pressures of a depreciating yen...
UltraTech Cement, part of the Aditya Birla Group, is acquiring Kesoram Industries from the BK Birla Group with a share swap ratio of 1:52. This...
A slide in US Treasury yields dented the dollar on Wednesday, and oil prices also struggled as worries over the outlook for the world's largest...
The Minister of Works, David Umahi, has charged cement manufacturers in Nigeria to reduce the price of the product from the current ₦9,500 per bag...
TRS' Q4 top line reflects growth in the Packaging and Aerospace segments, partially offset by the Specialty Products segment.
At the wake of the 2008 financial crisis, investor Warren Buffett warned of derivatives as weapons of financial mass destruction. President Trump's...