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Published: Sep 30, 2022
Updated: Sep 30, 2022
The rupee’s free fall against the US currency is worrying our policy makers. Top companies are already getting ready for the rupee to sink to Rs 90 per dollar by September next year and are rushing to take forward cover.
This may not be good news for the government as prices of energy (India is the biggest crude importer) and edible oil will shoot up sharply. CFOs say several companies, which have not taken proper cover, will fail to repay their foreign currency loans. The RBI says it is 46 per cent of debt raised by Indian companies (almost $180 billion).
The falling Indian currency is not good news for these companies who are likely to default on foreign loans. Of these, infrastructure companies top the list.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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