Forex News
Half of FX exposures unhedged, says RBI
Reuters - Half of corporate India's forex exposure are unhedged, according to the RBI, The Financial Express reported
External commercial borrowing due for repayment this year is around USD9 bln this year
Companies would need to pay around USD11 billion next year.
The above report added to risk aversion selling in the INR, US/INR last at 54.91.
The rupee has lost some 11% vs the USD since March
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