Rupee fall won't hurt India's ratings: Moody's

Moody's Investors Service says the depreciating rupee will only have a "limited" impact on India's sovereign ratings, as only 7% of total government debt is placed overseas, comprising 5% of gross domestic product.
The bigger pain would come in the private sector, Moody's said in a weekly credit report out on Monday, given that a falling rupee will raise the cost of paying back foreign currency borrowings.

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