Sunday, July 17, 2022

Companies with overseas liabilities rush to cover currency risk

With the rupee breaching the psychological ₹80 versus the US dollar for the first time and the spot market USD-INR gauge heading towards that mark, companies that have significant overseas liabilities fear margin pressure will impact their nascent revival after the pandemic.

source https://economictimes.indiatimes.com/industry/banking/finance/companies-with-overseas-liabilities-rush-to-cover-currency-risk/articleshow/92943366.cms

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