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In a first of its kind for India, an international fund is launching currency hedging instruments of up to 30 years to help companies insulate themselves from volatile exchange rates.
Hedges up to 10 years are available in India, but are difficult to acquire. Generally, large corporates or public sector enterprises are the buyers. Even the 15-year hedging instrument is not unheard of, but such agreements are signed rarely and banks enjoy a huge margin.
The new hedges, to be offered by The Currency Exchange Fund (TCX), floated by a group of development finance institutions (DFIs), will offer
Hedges up to 10 years are available in India, but are difficult to acquire. Generally, large corporates or public sector enterprises are the buyers. Even the 15-year hedging instrument is not unheard of, but such agreements are signed rarely and banks enjoy a huge margin.
The new hedges, to be offered by The Currency Exchange Fund (TCX), floated by a group of development finance institutions (DFIs), will offer
