Profit

Higher Cost Behind Corporates Not Hedging Forex Debt: Jamal Mecklai

PUBLISHED ON: April 21, 2015 | Duration: 11 min, 27 sec

  
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Jamal Mecklai, CEO at Mecklai Financial, told NDTV that cost of hedging rupee against dollar for one year is 7 per cent, which is pretty high for corporates to hedge their forex debt. Besides, the volatility in rupee has come down which is also disincentivising corporates to hedge their foreign borrowing, he added.
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