Indian Rupee Hedging Costs Rise as Importers Brace for More Pain

The Indian rupee’s slide to record lows on the back of soaring crude prices has sent local importers rushing for cover, driving up the cost of protecting against a further...

By Pratigya Vajpayee · Bloomberg Markets

The Indian rupee’s slide to record lows on the back of soaring crude prices has sent local importers rushing for cover, driving up the cost of protecting against a further drop in the currency.