RHT enters into rupee forward contracts for '14

Singapore

RELIGARE Health Trust (RHT) has entered into forward currency hedging contracts for its estimated incoming Indian rupee cashflow for the year ending Dec 31, 2014.

Religare Health Trust Trustee Manager has completed its currency hedging for the estimated incoming Indian rupee cashflow for the six months ending March 31, 2014 and Sept 30, 2014. The average rate of the forward contracts entered into are SGD1:INR 47.79 and SGD1:INR53.36, respectively.