Showing posts with label foreign-currency borrowings. Show all posts
Showing posts with label foreign-currency borrowings. Show all posts

Sunday, May 27, 2012

India Inc exposed by unhedged dollar debt

SINGAPORE: As the rupee hits record lows against the US dollar, Indian companies, holding nearly US$100 billion in foreign-currency debt, are finding themselves dangerously exposed, and unhedged dollar debt could spell billions in losses for local borrowers.