Indian corporates turn to forex options

Increasing their options

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Since July 2011, the Indian rupee has depreciated significantly against the US dollar and is currently trading at 55 rupees to the US dollar, representing a fall of 25% over the past 12 months. In comparison, the Korean won has depreciated by 3% while the Chinese yuan and Singapore dollar have both appreciated against the US dollar.While external factors such as global financial instability and the strengthening of the US dollar in the wake of the eurozone crisis have played a role in the fal

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