RBI says India corporates need to increase forex hedging

Potential US rate rise puts rupee depreciation back on the table

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The increased prospect of US rate rise means India corporates need to increase their foreign exchange hedging programmes in case there is a repeat of 2013 when comments from the US Federal Reserve on a potential end to quantitative easing contributed to a steep depreciation in the rupee, says a senior figure from the Reserve Bank of India (RBI).

India's corporates have been taking advantage of cheap offshore borrowing rates in US dollars and converting the proceeds back to rupees for a number of

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