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The yen slid to a three-and-a-half-year low against the dollar on Friday, after suffering its biggest one-day tumble since late 2008 on Thursday, on the back of the BoJ’s radical campaign to attack deflation. Photo: Ramesh Pathania/Mint (Ramesh Pathania/Mint)
The yen slid to a three-and-a-half-year low against the dollar on Friday, after suffering its biggest one-day tumble since late 2008 on Thursday, on the back of the BoJ’s radical campaign to attack deflation. Photo: Ramesh Pathania/Mint
(Ramesh Pathania/Mint)

Maruti Suzuki jumps on weaker yen

Maruti shares rise as much as 4.5% on hopes a weaker Japanese yen would improve margins significantly

MumbaI: Shares in Maruti Suzuki India Ltd rose as much as 4.5% on Friday, on hopes a weaker yen currency would improve margins by reducing the costs of importing auto parts from Japan after the Bank of Japan (BoJ) unleashed unprecedented monetary expansion.

The yen slid to a three-and-a-half-year low against the dollar on Friday, after suffering its biggest one-day tumble since late 2008 on Thursday, on the back of the BoJ’s radical campaign to attack deflation.

Maruti Suzuki shares were up 4.18% to 1,366.05 apiece at 10:54am on Friday.

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