Suzlon Posts 2.6 Billion-Rupee Quarterly Loss on Forex ImpactBy
New accounting standards mean forex are realized all at once
Currency movement reduced income by 900 million rupees
Suzlon Energy Ltd. posted loss of 2.6 billion rupees ($39 million) for the first quarter of the financial because of a decline in the rupee and financial costs, which the company said could not be spread out over a period of time under new accounting standards.
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