‘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.

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.