Reported about 17 hours ago
The recent decline of the Indian rupee is causing significant financial strain on major corporations, particularly InterGlobe Aviation, which reported a threefold increase in foreign-exchange losses. The rupee's weakening has prompted companies to hedge against currency exposure, with smaller firms also facing losses. While India's foreign debt remains low, the situation calls for better risk management strategies and concerns over the Reserve Bank of India's handling of the currency's stability.
Source: YAHOO