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RBI urges companies to hedge FX exposure

India's central bank seeks to shield the rupee, Asia best performing currency, from global financial seismic shifts
Saturday, January 31, 2015 - 05:50
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SHORING UP: The Reserve Bank of India wants corporates to increase their hedge ratios to be better prepared for turmoil when the US decides to raise interest rates.

Mumbai

INDIA'S central bank is making extra efforts to spur the country's corporates to more actively hedge their foreign exchange exposure, in order to fortify the country's defences against any risk of currency turmoil.

The efforts reflect the Reserve Bank of India's fear of