But for Maruti Suzuki India, favourable movement of the yen-the currency that matters the most - against the Indian rupee, has given it reasons to cheer.
The yen's sharp fall against the rupee and the rupee's depreciation against the US dollar, which in turn will bump up export realisations, are set to give a margin boost to the maker of Baleno and Brezza, said analysts.
The softening of commodity prices and slew of new SUV launches in the coming months will also aid margins, they said. Year-to-date, the yen has depreciated 11 per cent against the rupee, the sharpest among all international currencies. The local arm of the Japanese car maker imports parts and raw materials (directly and through suppliers) in yen.
هذه القصة مأخوذة من طبعة June 21, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 21, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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