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Rupee depreciation makes auto exports cost competitive: Fitch

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  • Published On: January 12, 2012
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Pragya Bansal, Associate Director of Fitch Ratings spoke to NDTV Profit on outlook for auto sector. He has a stable outlook on Indian Automotive Suppliers and expects largely stable credit profiles. He explained that operating cash flows are insulated from fall in auto sales while rupee depreciation has increased the sector’s cost competitiveness of exports.
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