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Hindu Business Line

Maruti's profit slumps on discounts, forex fluctuationsLivemintForex losses for the quarter stood at Rs 200 crore, according to Seth. The losses were mainly on account of the rupee's depreciation against the dollar and the yen. The rupee weakened 20% against the dollar during the quarter and 22% against the yen.Maruti Suzuki: Forex losses impact profits Hindu Business LineMaruti Suzuki Q3 net down 63.6% at Rs 205.6 crore Zee Newsall 97 news articles »

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Forex losses eat away cut nifty cos' profit by 8%Times of IndiaAccording to a study conducted by Crisil Research this represents one of the highest aggregate forex losses in a single quarter, given the sharp rupee depreciation and nearly threefold rise in foreign debt of these firms in five years. …Forex losses trim 8pc of Nifty companies' profits: Crisil Economic Timesall 7 news articles »

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Forex losses trim 8pc of Nifty companies' profits: CrisilEconomic TimesThis represents one of the highest aggregate forex losses in a single quarter, given the sharp rupee depreciation and nearly threefold rise in foreign debt of these companies over the past five years, Crisil said in a study. With the rupee continuing …and more »

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Zee News

Rupee fall drags profit & loss account; forex losses may not provide true …Economic TimesThe accounting flexibility for forex losses may not provide a true view of a company's financials. The significant depreciation in the value of the Indian rupee as compared to the US dollar has revived the debate around accounting for exchange …Cos may get to show forex losses in balance sheet Financial ExpressCos to gain from ICAI's proposed norms on forex derivatives Zee NewsIndia Inc set to get relief on accounting of forex losses Hindu Business Lineall 9 news articles »

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webmaster@technorati.com wrote an interesting post today on
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Hindu Business Line

RBI's limited forex market intervention credit positive: Moody'sEconomic TimesNEW DELHI: Global ratings agency Moody's today said the Reserve Bank of India's limited intervention in the currency market to stymie rupee depreciation is "positive" for the country's credit outlook. Rupee, which has slumped about 15 per cent against …High forex losses may haunt India Inc again in Q3 Chandigarh TribuneIndia Inc a big net spender of forex Hindu Business LineRupee closes at week's high The Hindu MSN India  - Rediff  - Times of Indiaall 150 news articles »

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