Fitch on Indian Rupee: Currency volatility to have 'limited impact' on country's credit profile
"Currency volatility, however, is likely to have only a limited impact on their (India and Indonesia) sovereign profiles. India's sovereign credit profile, for example, benefits from relatively strong external finances, especially a low level of external and foreign-currency debt," Fitch said in a statement.
Indian rupee, which has been depreciating, had last week breached 71 to a dollar mark, Image source:Reuters