MIDCAP-GRAPHIC-Rupee slump: Borrowing costs rising for companies

Newswire

A sharp decline in the rupee is increasing the cost of foreign borrowings for Indian companies and squeezing their margins. Graphic on top Indian cos' foreign debt: http://link.reuters.com/zyq65s Graphic on rupee fall: http://link.reuters.com/kyq65s The data is based on a screening of the 50-Share NSE index and is sorted by total debt issued through foreign currencies. CONTEXT The rupee has fallen nearly 20 percent from its July highs to a record low last week, reflecting increasing doubts ...

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