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Rise in crude, rupee fall will lead to Rs 12800cr loss: IOC

Hit by a double whammy of rising crude prices and depreciating rupee, PK Goyal, director-finance, IOC, says the oil marketing company will face an under recovery of Rs 12800 cr for per unit rise in crude pirce and per unit fall in rupee level.

first published: Aug 28, 2013 01:00 pm

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