Business
75% – Of external commercial borrowings of Indian firms are hedged
Updated : Oct 10, 2018, 06:10 AM IST
Unhedged Indian firms that swapped overseas debt into the local currency and that don’t have foreign-currency revenues face sharply higher repayment costs. The plight of such borrowers stands out after many peers boosted hedges in recent years
75% – Of external commercial borrowings of Indian firms are hedged
$28 bn – Non-rupee bonds and loans coming due in 2019 for Indian firms, both hedged and unhedged
That level is similar to elevated figures in recent years, when borrowing costs were lower
Over 13% – Rupee has lost this year
About 7% – It has dropped since August when RBI last raised rates
Over 10% – Crude oil prices have risen since the rate hike