Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy. Indian companies may have bet too much on rupee stability as they have kept most of their foreign currency exposures unhedged, reveals a first-of-its-kind detailed study by India Ratings & Research (Ind-Ra). Analysing the financials of top 100 foreign currency borrowers, the ... Rediff.com, 3 weeks ago
By Philip Blenkinsop BRUSSELS (Reuters) - The European Commission has fined Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their alleged participation in a cartel to manipulate the price of the Euribor financial ...Sify, 2 months ago EU fines Credit Agricole, HSBC, JPMorgan for Euribor fixing Sify, 2 months ago
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