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VERIFIEDMint Industry·positive
Top PSU financiers race to tap RBI's hedge window, eye $5 bn ECBs
AI Summary
- ·Several PSU financiers are planning to raise over $5 billion in foreign funding.
- ·This comes after the RBI introduced a special hedging facility for dollar borrowings.
- ·The RBI's move is anticipated to reduce the cost of foreign funding and boost external commercial borrowings.