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View Full Version : Rupee Drop Sends Refiner Yields to One-Year High: India Credit - Bloomberg



NewsWhore
11-24-2011, 09:50 PM
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Rupee Drop Sends Refiner Yields to One-Year High: India Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEzdCLJGi-qofNTL6eiEn9cn13Crw&url=http://www.bloomberg.com/news/2011-11-24/rupee-drop-sends-hindustan-petroleum-yield-to-one-year-high-india-credit.html)
Bloomberg
Every one-rupee drop in the Indian currency against the dollar increases annual revenue losses for the three government- owned refiners by 80 billion rupees, the oil ministry said Nov. 4. The rupee gained 0.6 percent yesterday to 52.0738 per dollar. ...

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