India Inc is seeking dollar borrowings, but only select firms will find
Updated : April 11, 2019 03:48 PM IST
It's no surprise that firms want to tap the offshore market, given lower rates, ample dollar liquidity, reduced rupee hedging costs and the reluctance of Indian lenders - many of whom are grappling with bad debts - to take on more risk.
Also making offshore debt attractive is that the Reserve Bank of India has eased external commercial borrowings guidelines, and started forward dollar-rupee swap auctions.
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