$79 Billion Of Unhedged Debt Is Next Pain Point For Rupee - NDTV Profit

7/20/2022 12:00:00 AM2 years 9 months ago

Indian companies are rushing to hedge their overseas dollar debt against further declines in the rupee, a process that threatens to cascade into additional losses for the battered local currency.

The rupee slid to all-time low of 80.06 per dollar on Tuesday. Indian companies are rushing to hedge their overseas dollar debt against further declines in the rupee, a process that threatens to cas… [+2906 chars]

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