As rupee plunges against dollar, importers bet big on currency hedges - Economic Times

With exporters also holding on to their earnings in anticipation of a further slide in the local unit, odds are shortening on a demand surge for hedging instruments in the currency market.

Companies with US dollar loans on their balance sheets and importers are rushing to cover unhedged foreign currency exposures after the Federal Reserve's latest resolve to restrain inflation stoked c… [+3703 chars]

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