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India Inc's unhedged dollar loans plunge

Financial Express Lucknow

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November 25, 2025

THE SHARP FALL in the rupee is expected to hit companies which have high unhedged exposure to foreign currency debt.

- CHRISTINA TITUS

But the good news is that India Inc has been consistently reducing its unhedged position.

According to data from the Reserve Bank of India (RBI), the share of unhedged external commercial borrowings (ECBs) was 26.1% in March 2025, down sharply from 32.9% in September 2024. It hovered around 45% two years ago.

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