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‘Indian firms under pressure’

Moody’s Investors Services on Thursday said high funding costs will put pressure on margins of top Indian companies, particularly those challenged by slower growth prospects.

business Updated: Sep 12, 2013 23:06 IST
HT Correspondent
HT Correspondent
Hindustan Times
Moody’s Investors Services,moody's falling rupee,dollars

Moody’s Investors Services on Thursday said high funding costs will put pressure on margins of top Indian companies, particularly those challenged by slower growth prospects.

Further, a depreciation of the rupee will lead to revaluation of debt issued in US dollars, which in turn could put pressure on some contracts.

First Published: Sep 12, 2013 23:03 IST