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India Inc braces for impact of rupee fall, rushes to take forward cover

In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure

Topics
India Inc | Rupee | US Dollar

Dev Chatterjee & Shine Jacob  |  Mumbai 



Rupee, Indian Rupee, Indian currency
Almost 44 per cent of the funds raised by the Indian corporates overseas is unhedged as per RBI’s financial stability report of June this year thus increasing their liabilities as the rupee falls

Home-grown are preparing for life after the falls to Rs 80 versus the US greenback. without a natural hedge like export earnings are rushing to take forward cover as they expect the to fall gradually in the next year to as much as Rs 86-87 to a .

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First Published: Thu, September 22 2022. 20:55 IST

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