Steel News
Falling Re to hit firms faced with forex bonds repayments
Indian firms which have not shielded themselves against an unprecedented slide in the rupee against the dollar, will soon be staring at a huge dent in their balance sheets. The sharp depreciation in the domestic currency is likely to increase their debt burden, as they will have to shell out more to their foreign currency convertible bond (FCCB) holders.
According to Bloomberg data, compiled by BS
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