You are here: Home >> English News & Features >> City-Ahmedabad

Weakening rupee to boost

DNAHM120902 | 5/17/2018 | Author : Keyur Dhandeo | WC :347 | Business & Economy



Over seven per cent depreciation of the rupee against the dollar in the global market since January has elated local players in sectors like pharmaceuticals, chemicals, dye-stuffs and ceramics, where the export component is higher. However, players with lower exports but reliant on imported raw materials, such as those in the foundry sector, may be net losers. Players say that hedging also minimised net gains and importers of Indian goods try to bargain as a weaker rupee widens profit margins.
The rupee has depreciated from about 63.50 per dollar in January to 68 per dollar on May 15. Players said that fluctuation in currency is not good for small companies dependent heavily on imported raw materials. These mainly include sectors such
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on City-Ahmedabad

Police arrest two, seize ganja, charas
DNAHM122862 | 8/18/2018 12:00:00 AM | Author : DNA Correspondent | WC :125

Continuing the crackdown on illegal drug trade, the city police arrested one person with 5.8 ganja on Thursday, while police in State Capital Gandhinagar arrested one person with 8.2 kg charas.The crime sleuths said the accused, Altaf Akbarkhan
Add To LightboxCalculate Price

223 talukas receive rainfall, more in store
DNAHM122863 | 8/18/2018 12:00:00 AM | Author : DNA Correspondent | WC :190

Thirty-three districts across Gujarat witnessed rainfall on Friday. Heavy rains might continue to lash the state for the next few days, the weatherman said.
Friday's rainfall could be the most widespread in the current season, Indian Meteorologic
Add To LightboxCalculate Price

Rain raises hopes for standing crops
DNAHM122864 | 8/18/2018 12:00:00 AM | Author : DNA Correspondent | WC :261

The rains on Friday poured a major relief for farmers, especially those sowing kharif across Gujarat. The rains that lashed the state after 21 days also brought fresh water into the dams at the catchment areas in Narmada and Tapi rivers. According to
Add To LightboxCalculate Price

Water in reservoirs up, but still only at 35%
DNAHM122865 | 8/18/2018 12:00:00 AM | Author : DNA Correspondent | WC :319

Fresh hopes brimmed on the faces of the farmers in Gujarat region on Friday. Also, on the contrary, the storage of water in dams across Gujarat also perturbed several major schemes, including Sardar Sarovar Dam on Narmada.
All 204 reservoirs, in
Add To LightboxCalculate Price