markettrend766
10-09-2008, 09:00 PM
HI MEMBERS ,
WHEN RUPEE DEPRECIATES AGAINST DOLLAR, THE OIL MARKETING COMPANIES WILL MAKE HUGE LOSSES.
FOR EXAMPLE : FOR EVERY ONE RUPEE INCREASE AGAINST DOLLAR , OIL COMPANIES LOOSE 2500 CRORES (APPROX).
SO BE CAUTIOUS ON OIL MARKETING COMPANIES LIKE BPCL, HPCL, IOC.
MARKETTREND766
WHEN RUPEE DEPRECIATES AGAINST DOLLAR, THE OIL MARKETING COMPANIES WILL MAKE HUGE LOSSES.
FOR EXAMPLE : FOR EVERY ONE RUPEE INCREASE AGAINST DOLLAR , OIL COMPANIES LOOSE 2500 CRORES (APPROX).
SO BE CAUTIOUS ON OIL MARKETING COMPANIES LIKE BPCL, HPCL, IOC.
MARKETTREND766