Rated Indian companies, banks can withstand sharp rupee depreciation: S&P
S&P Global Ratings Monday said most of its rated Indian companies and banks can withstand the recent sharp depreciation in the rupee, but a deep and sustained decline could squeeze their margins.
S&P Global Ratings said that it sees low risk from currency depreciation for companies in India, China and the rest of Southeast Asia and South Africa, while those in Argentina and Turkey are the most vulnerable to depreciation. Image Source: Reuters