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
Large firms can take another 15% rupee drop due to natural hedge: Moody's
Analysing 22 rated Indian firms, Moody's found nearly half of them had dollar revenues or contracts priced in US dollars that protect the local earning
 "Moody's")
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Topics : Moodys India Inc Rupee vs dollar currency market
First Published: Apr 29 2021 | 1:53 PM IST
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