Fitch warns rupee slide may affect corporate ratings
market hours1 source ↓written by the desknot a recommendation
- rupee's decline
- ₹90 per US dollar
Fitch Ratings has raised concerns over the rupee's decline to ₹90 per US dollar, indicating potential downward pressure on credit ratings for companies not hedging foreign-exchange risks. While some sectors may be vulnerable, India's GDP grew 8.2% YoY in Q2 FY2025-26, suggesting underlying economic strength despite external pressures. SBI cautioned against interpreting the rupee's fall as a sign of structural weakness.
Not investment advice. For informational purposes only.