The rupee recently hit a new low against the US dollar on the back of rising safe-haven demand for the Greenback and a reversal of the US interest rate cycle. The RBI hopes to contain the fall by keeping domestic interest rates up, but this has created a double whammy for corporate and retail borrowers, who will now have to grapple with higher debt-servicing costs.
At recent IMA CFO NxT Forum Sessions, Manoj Goel, Managing Director & Head of Corporate Sales, Markets & Securities Services for HSBC India, offered a forward view on currency markets and the economic, geopolitical and electoral factors driving them. This podcast summarises these discussions.
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