StanChart News
India Inc finds dollar funding grows scarce, expensive
Indian companies can no longer count on dollar credit as a cheap funding alternative to expensive domestic borrowings.While surging interest rates at home had prompted many Indian companies to look offshore to raise dollars this year, risk-aversion among banks has pushed up the cost of offshore debt and made it scarce for all but the highest-rated borrowers.As a result, small or mid-sized firms with
|
|
