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IndiGo, rupee and Q3
India's IndiGo airline posts Q3 profit drop as rupee depreciates
India's IndiGo airline operator Interglobe Aviation reported an 18.6% drop in third-quarter profit on Friday, as foreign exchange losses ballooned, outweighing steady air travel demand and lower fuel costs.
IndiGo Q3 net falls 18% on weak rupee
IndiGo has reported an 18% decrease in Q3 profit to Rs 2,449 crore despite a 14.6% rise in total income, impacted by the weaker rupee. Benign fuel prices were insufficient to offset dollar-denominated costs.
IndiGo Q3 profit drops 18.6% to Rs 2,448.8 crore; revenue grows 13.7%
InterGlobe Aviation, the operator of IndiGo Airlines, reported an 18.6% decline in its consolidated net profit for the third quarter (Q3) of FY25, with earnings dropping to Rs 2,448.8 crore from Rs 2,
10h
How the falling rupee could increase financial burden on companies that went for overseas borrowing
As rupee continues to weaken, companies that raised funds when the rupee was stable at around 82-83 will be forced to ...
4d
India’s Economy Slows Down Just When It Was Supposed to Speed Up
Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing ...
12d
India rupee declines past 86/USD on resilient US economy, weak inflows
The Indian rupee dropped past 86 per U.S. dollar for the first time ever on Monday following a blowout U.S. jobs report that ...
6h
RBI Allowes Hong Kong Based HSBC To Open 20 Branches Across India
HSBC India has received approval from the Reserve Bank of India (RBI) to open 20 new branches, marking the largest expansion ...
4d
India’s RBI to ‘Play it Slow’ on Defending Rupee, Axis Bank CEO Says
India’s central bank is unlikely to mount a strong defense of the rupee despite the currency’s sharp depreciation, according ...
1d
India's IndiGo forecasts higher fourth-quarter demand
Indian airline IndiGo on Friday said it expects strong air travel demand in the fourth quarter of the ongoing fiscal year, ...
2d
Short Rupee on India growth slowdown, UBS Narain says
Indian stocks have lost almost $500 billion in market value in the past month, with MSCI Inc.’s index for the nation marking ...
10d
Weakening rupee puts India interest rate cuts in doubt
Currency’s decline and its implications for inflation add to doubts about health of world’s fastest-growing major economy ...
TheBetterIndia
9d
This Woman Takes Solo Trips Across India & Doesn’t Spend a Rupee — Here’s How
With just two sarees, a tent, and a power bank, Saraswati Iyer set out on a bold zero-budget journey across India, proving ...
ThePrint
1d
India’s IndiGo airline posts Q3 profit drop on rupee depreciation
India's IndiGo airline operator Interglobe Aviation reported an 18.6% drop in third-quarter profit on Friday, as foreign exchange losses ballooned, outweighing steady air travel demand and ...
15h
Ease liquidity; let rupee adjust on its own, economists tell RBI Governor
The discussions featured mainly around liquidity, interest rates, rupee and macroprudential measures of the RBI. Many ...
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