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
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé

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