The currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency will weaken to 350 rupees per dollar by the end of next year, while Karachi-based brokerage Topline Securities Ltd. sees it depreciating to 324 rupees per dollar. It closed at 285.64 rupees per dollar on Monday.
Recent acquisitions help shore up Tata Consumer revenue
At 14.9%, the company’s operating profit margin for the quarter was 47 basis points, or 0.47 percentage point, higher than the year-ago level, but it