Quotes from the Reserve Bank of India.
"..a widespread concern of the regulators like the
Reserve Bank of India (RBI) over corporate leverage and the prevailing credit
culture..."
"Large scale un-hedged foreign currency exposures are not
only a threat for individual entities but also a concern to the economic and
financial system stability. ...corporates need to take care of the potential
risks embedded in their un-hedged currency exposures since they might incur
significant costs due to unexpected and sudden exchange rate movements...how
vulnerable corporates can become if they have too much of foreign currency
exposures..."
(
http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=940)
External
Commercial Borrowings : US Dollar Million -2013-14
|
||
Number
|
Amount
|
|
Automatic Route
|
573
|
12,340
|
Approval Route
|
140
|
20,892
|
Total
|
713
|
33,232
|
Source: http://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/37T_09022015BULL.pdf
Without
any risk or responsibility
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