weaker rupee puts FMCG companies in the red

A weak rupee is playing spoilsport for fast moving consumer goods FMCG companies, even as Indonesia has lifted the ban on palm oil, which is a key input for many of their products, and the government has slashed taxes on transportation fuels. It is not just palm oil that the prices of many other inputs, including packing materials, are linked to the value of the rupee and global commodity prices. Paint companies are expected to be hit hard by the rupee's decline against the dollar. The rupee hit a low of 77.9275 Business Standard and has always strived to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has made our resolve and commitment stronger. Even during these difficult times that have arisen out of Covid-19, we continue to keep you informed and informed with credible news, authoritative views and incisive commentary on topical issues of relevance.

We have a request.

Many of you have subscribed to our online content because of our subscription model. We want you to get even better and more relevant content by adding more subscribers to our online content. We believe in free, fair, and credible journalism.