S&P Global Ratings on Friday cut the rating of billionaire Anil Agarwal’s Vedanta Resources Ltd rating to ‘CCC’ from ‘B-‘ and placed it under “creditwatch with negative implications”. Vedanta Resources Ltd (VRL) is a globally diversified natural resources company. “We have… lowered our long-term issuer credit rating on Vedanta Resources and the issue rating on […]
Day: December 19, 2022
Rupee falls 15 paise against US dollar on foreign fund outflowsRupee falls 15 paise against US dollar on foreign fund outflows
The rupee stayed on the downward track for the second straight day to settle 15 paise lower at 83.28 against the US dollar on Tuesday due to a firm greenback against major currencies overseas and persistent foreign capital outflows.Besides, weak equity market sentiment and elevated levels of crude oil prices — hovering above USD 92 […]