Índia Inc's days of cheap dollar loans may be over as lenders get selective

The good days for India Inc. in the offshore syndicated loans market may soon be over, as foreign banks pinched by their own rising borrowing costs balk at the lowest lending rates in a decade.

“India may be approaching a turning point for loan pricing to come up a bit to facilitate syndication,” said Samuel Tan, co-head of loan syndication and distribution for United Overseas Bank in Singapore.

As the Federal Reserve gears up for more interest-rate hikes, a surging dollar is also fueling bets that developing nations may also raise rates faster than anticipated. That’s all pressuring some global banks’ cost