Rupee decline moderately impacts Indian companies

The rupee's decline has a moderate effect on the Indian businesses, according to Moody's Investors Service. The rupee has fallen dramatically against dollar on the high inflation rate and slower growth. The companies dependent on import, especially on foreign supplies of oil are the most likely to be impacted by the currency slump; however, export-led companies can gain on the weaker rupee, said Vikas Halan, senior analyst at Moody's.