The rupee is where? Currency collapse confounds India Inc

Newswire

By Nandita Bose MUMBAI, Aug 28 (Reuters) - Indian companies such as Whirlpool of India Ltd say they can't plan more than a couple of months out as a fast-falling rupee currency drives up the cost of imports, forcing them to raise prices even as consumer spending crumbles. The timing is particularly tough for consumer companies that were counting on India's September-to-December holiday season to spur sales. India's consumers, whose spending helped see ...

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