scorecardresearchNext Pain Point for Indian Rupee Is $79 Billion of Unhedged Debt

Next Pain Point for Indian Rupee Is $79 Billion of Unhedged Debt

Updated: 21 Jul 2022, 08:08 AM IST
TL;DR.
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.
FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave

FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave