For the cash-starved Kochi port depreciating rupee is proving to be a boon, at least in terms of collections through vessel-related charges. The port officials say that due to the weakening of the Indian currency the port has earned Rs 10 crore this fiscal.
Tag: depreciating rupee
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Centre may hike diesel prices after Parliament session
Citing the depreciating rupee, as a matter of concern, the Union government is likely to increase diesel prices at least by Rs 3 a litre after the end of monsoon session of Parliament next week. UNion Oil Minister M Veerappa Moily said though there was no proposal to hike diesel prices for now depreciating rupee threatens to widen the government's fuel subsidy bill