Indian election uncertainty curbs corporate forex hedging

Despite 2013 rupee volatility Indian corporates are reluctant to hedge

instability-ballotbox

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 12.4% for the year against the US dollar, with only the Japanese yen and the Indonesian rupiah (IDR) f

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: