Page 18 - ஹிந்துஸ்தான் பெட்ரோலியம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Indian companies that generate revenues in rupee but rely heavily on foreign debt are relatively well protected against rupee depreciation, even as the 3 per cent year-to-date depreciation in the rupee would be temporarily credit negative for them, rating agency Moody’s said on Thursday. Most companies have protections to limit the effect of currency fluctuations. These include natural hedges, some US dollar revenue and financial hedges, or combination of these factors, to help limit the adverse effect on cash flow and leverage, even under a more severe deprecation scenario,” Moody’s said. Therefore, the current rating level could be protected even when the rupee depreciates a further 15 per cent against the dollar. The rupee has depreciated 14.4 per cent already since 2018. On January 1, 2018, it was at 63.68 a dollar, while it closed at 74.36 a dollar on Wednesday. Year to date, it has depreciated 3 per cent. The rupee has strengthened on Thursday as the stock indices g

India generalBharti airtel baCorporation baaReliance industries baaNatural gas corp baaMoody investors serviceOil india baaBharat petroleum corpIndian oil corporation baaTata consultancy services baaIndian oil corpSamvardhana motherson automotive groupBharat petroleum corporation baaReliance industriesHpcl mittal energy baMacrotech developers caa