TITLE

Re impact: Haldia Petro losing Rs 10-13 cr a month

PUB. DATE
November 2007
SOURCE
Chemical Business;Nov2007, Vol. 21 Issue 11, p75
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of the appreciation of Indian rupee against U.S. dollar on Haldia Petrochemicals. The bottom line of the firm was hit by 10 to 13 crores a month according to managing director and CEO Swapan Bhowmik. He explained that the loss is registered due to translation of dollar denominated prices in rupee and is net of the exchange gains on feedstock purchases. It mentions the limited scope of the company to increase the volume sales until the capacity is expanded.
ACCESSION #
31156714

 

Related Articles

  • Rupee Down 13 Paise Vs US Dollar In Early Trade.  // Business World;12/29/2015, p5 

    The article reports that the Indian rupee dropped by 13 paise at 66.32 against the U.S. dollar at the Interbank Foreign Exchange due to a rising month-end demand on the latter currency from importers caused by capital outflows.

  • INR: Not Escaping The Downdraught.  // Emerging Markets Monitor;7/12/2010, Vol. 16 Issue 15, p7 

    This article offers an outlook on the value of the Indian rupee against the U.S. dollar in 2010. Business Monitor International (BMI) expects the value of the Indian currency to depreciate further. BMI attributes the scenario to slower global economic growth. The firm also blames monetary...

  • INR: Downside Risks In Play, For Now.  // Emerging Markets Monitor;6/29/2009, Vol. 15 Issue 13, p8 

    The article presents an outlook for the performance of the Indian rupee as of June 2009. It is noted that the currency is facing four-month trendline at 48.70 per U.S. dollar and a break of which could take it back towards 50.00 per U.S. dollar. The authors maintain their neutral outlook for the...

  • Rupee: Long-term Gains in Sight.  // Money Today;Mar2012, p10 

    The article reports on the 7.5 percent gain posted by the Indian rupee against the U.S. dollar in the past one year as on February 17, 2012, rising to the 49 mark. According to Naveen Mathur of Angel Broking, the strong performance of the rupee was attributed to the positive performance of the...

  • It is again ... vs. $. Natarajan, R. // Textile Magazine;Nov2010, Vol. 52 Issue 1, p8 

    The author comments on the fluctuating U.S. dollar value against the Indian rupee in the last few months which affected the textile exports of India, making the textile products more expensive to the world market. He believes the dollar devaluation is a win-win situation for India because its...

  • Modelling the Dependence Structure of MUR/USD and MUR/INR Exchange Rates using Copula. Jowaheer, Vandna; Ameerudden, Nafeessah Z. B. // International Journal of Economics & Financial Issues (IJEFI);Mar2012, Vol. 2 Issue 1, p27 

    American Dollar (USD) and Indian Rupee (INR) play an important role in Mauritian economy. It is important to model the pattern of dependence in their co-movement with respect to Mauritian Rupee (MUR), as this may indicate the export-import behavior in Mauritius. However, it is known that...

  • Gaining Muscle. Varma, Tanvi; Dadwal, Namrata; Hans, Pritam P. // Money Today;Nov2010, p19 

    This article discusses the rising value of the Indian rupee against the U.S. dollar in 2010. It commends the benefits of the appreciation of the rupee but warns about its consequences. It notes the forecast by analysts that the rupee will continue to appreciate against the U.S. currency. The...

  • Living the Dollar Dream.  // Money Today;Feb2012, p25 

    The article reports on the benefits of a weakening Indian rupee for a non-resident Indian (NRI) who repatriate money to India or invest in the country. The rupee has fallen 20 per cent against the U.S. dollar since August 2011 and the Reserve Bank of India has deregulated interest rates on NRI...

  • Asian Currencies Looking Vulnerable.  // Emerging Markets Monitor;2/23/2009, Vol. 14 Issue 44, p9 

    The article looks at the performance of currencies in Asia. India's rupee reports sharp declines on February 17, 2009, breaching key support at INR49.30 against the U.S. dollar. Malaysia's ringgit, meanwhile, closed below support at MYR3.6400 per U.S. dollar. This led the way for the currency to...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics