Business · Markets · 1 hr ago

Indian central bank curbs corporate hedging as rupee weakens

Indian central bank curbs corporate hedging as rupee weakens

India’s central bank has imposed curbs on corporate currency hedging.

The move is intended to slow a rush by companies to protect themselves against a weaker rupee.

The rupee is India’s currency.

Hedging means taking steps to reduce the risk of losses from currency movements.

The central bank’s action therefore targets how companies manage that risk.

The available information does not specify what the curbs involve or what happens next.

Sources

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