Indian groups face valuation losses on dollar bonds

Indian companies are expected to take valuation losses on foreign currency bonds amid rupee depreciation.
Tata Motors, which also has foreign currency borrowings, is expected to be affected in the coming quarter.
Tata Motors, which also has foreign currency borrowings, is expected to be affected in the coming quarter.
August 30, 2013

These are tough times for Indian companies. Despite the bounce towards the end of this week, the Indian rupee has depreciated close to 20% since May.

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