Rupee's plunge drives up offshore debt costs for India Inc

Newswire

* Mid-sized firms likely to see higher foreign debt costs, forex losses * Indian companies' foreign debt as of end-March at over $200 bln * Only half of outstanding offshore debt hedged by companies * IT, pharma exporters to reap benefits of rupee depreciation By Sumeet Chatterjee MUMBAI, July 18 (Reuters) - The Indian rupee's slide to record lows is squeezing mid-sized companies that borrowed offshore when times were ...

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