Indian companies rush to repay rupee loans with USD

14 Dec 2012

Highly-leveraged companies are tapping foreign banks to access better funding rates as local banks clamp down on infrastructure lending.

An increasing number of Indian companies are accessing dollar loans from foreign banks to refinance their rupee loans with better rates as local banks tighten their lending to troubled firms to stem losses.

Bharti Airtel, India’s largest wireless telephone carrier, is in talks with Mitsubishi Bank to ...

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