Companies with overseas liabilities rush to cover currency risk - Economic Times

With the rupee breaching the psychological ₹80 versus the US dollar for the first time and the spot market USD-INR gauge heading towards that mark, companies that have significant overseas liabilities fear margin pressure will impact their nascent revival aft…

Importers and overseas borrowers are rushing to cover their currency risk after the rupee fell to Rs 80 against the US dollar in both over-the-counter and derivatives markets on Thursday, leading to … [+3573 chars]

full article...