Rupee weakness affects India’s credit profile, says Moody's
Quotes

Rupee weakness affects India’s credit profile, says Moody's

Last Updated: Friday, June 21, 2013, 13:56
 
 Comment 1
 
Rupee weakness affects India’s credit profile, says Moody's
Zee Media Bureau

Mumbai: Rating agency Moody’s on Friday said that the weakening rupee reflects domestic economic challenges although it casts no significant impact on India's foreign debt repayment capacity, a news wire has reported.

"Given the very low level of foreign currency debt owed by the Indian government, rupee depreciation does not significantly affect sovereign debt repayment capacity," the wire quoting a Moody’s official said.

The rupee trimmed its early losses on Friday, but was still quoted lower by 8 paise to 59.65 per dollar on demand of the US currency from banks and importers triggered by its higher value overseas.

With Agency Inputs



First Published: Friday, June 21, 2013, 13:56


Comments


comments powered by Disqus
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
John Kery with Indian Biz Honchos
John Kery with Indian Biz Honchos
Honda Mobilio MPV
Honda Mobilio MPV
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved