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Falling rupee spells fresh trouble for airlines
A sagging rupee has compounded the problems of loss-making Indian airlines, as 35 per cent of their operating cost is in dollar terms. The domestic currency on Tuesday closed at a new low of Rs 55.39 for a US dollar. It has shed 11.51 per cent value since February, increasing dollar-denominated expenditure by a similar amount, especially for carriers with less international operations. Lease and maintenance
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