Firms with overseas debt may have to turn to domestic lenders4 min read . Updated: 24 May 2012, 11:05 PM IST
Firms with overseas debt may have to turn to domestic lenders
Mumbai: The rupee’s slump is making banks jittery about companies that have substantial overseas payments coming due. Given that they wouldn’t want to default in the overseas market, the companies may prefer to overstretch themselves through domestic loans, raising the prospect of local debt having to be restructured.
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