….."The Reserve Bank of India (RBI) had tightened monetary policy in India to control high inflation. This made domestic funding costly and caused many companies to source funds through sources like external commercial borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB). Such instruments, for which interest payments have to be made in rupee, became costly due to fall in rupee rates,"……
Read..........
No comments:
Post a Comment