Indian election uncertainty curbs corporate forex hedging
Corporates limit hedging of rupee exposure until Indian election outcome is known despite 2013 currency volatility
Although stability in the Indian rupee has returned in the year-to-date following a volatile 2013, that confidence is at risk with the prospect of a more volatile currency likely to hinge on the outcome of Indian general elections for which voting is taking place from April 7 to May 12, with the result announced on May 16.
The rupee was one of the worst performing Asian currencies in 2013, down 12
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