India Inc gives Rs 4.5-lakh-cr forex debt headache

Indian companies’ foreign currency debt exceeded Rs 4.5 lakh crore in 2014-15, a large portion of which remained unhedged, giving fresh headache to their investors and the Reserve Bank of India (RBI). The rupee has been hovering around 63-64 a dollar.According to an India Ratings study of corporate balance sheet, available for the 500 largest listed borrowers in 2013-14, aggregate debt increased to Rs 28.7 lakh crore, of which about Rs 4.5 lakh crore was dollar-denominated debt, compared with Rs 4.2 lakh crore in the year-ago period.