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India’s personal defence companies had final campaigned for ERV safety after being bruised by the rupee’s fall from Rs 44 a greenback in October 2010 to under Rs 56 just some months later
Matters
defence firms | Exchange rates | Exchange rate protection
Ajai Shukla |
New Delhi
Final Up to date at July 19, 2022 21:19 IST
The change price of US dollar vis-à-vis Indian rupee has fallen to Rs 79.74 to the greenback, down from Rs 74.55 a yr in the past. The 6.96 per cent fall in rupee towards greenback in only one yr is making personal Indian defence corporations contemplate petitioning the Ministry of Defence (MoD) for cover towards change price variation (ERV).
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First Revealed: Tue, July 19 2022. 21:11 IST
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