As many as 225 of a total 290 corporates are unlikely to be impacted on the ratings front if rupee falls to 65 against the dollar, according to India Ratings.
Since the beginning of the fiscal, the rupee has lost over 12 per cent and last Friday closed at all-time low of 61.10 to the dollar, as foreign funds continue to sell their positions in the country. Rupee hit intra-day record low of 61.21 on July 8.
Between May 22, when US Fed said it may stop bond buyback programme by the end of this year, and the week ending July 26, FIIs have pulled out a whopping Rs 63,460 crore from domestic debt and equities, as per Sebi data.