Rupee Weakness Curbing Indian Firms' Offshore Borrowing

Indian companies are borrowing less money from foreign sources.

This is because the Indian rupee is getting weaker compared to the US dollar.

When the rupee is weak, it costs more to pay back loans taken in dollars.

So, companies are being more careful.

Some are even choosing to borrow money within India instead.

A company called Agratas Energy Storage Solutions borrowed the most in October, using the money to buy important equipment.

Experts think this trend will continue until the rupee becomes stronger or the global financial situation improves.