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India to Hedge Currency Risk on Global Bond Sale: Indian Express

The plan to add a mechanism to limit risks from currency fluctuations follows discussions with the Reserve Bank of India.

Reinie Booysen

(Bloomberg) -- India’s government will hedge the currency risk on a planned $10 billion bond sale in international markets, the Indian Express reported.

The plan to add a mechanism to limit risks from currency fluctuations follows discussions with the Reserve Bank of India, the paper said Sunday, citing people it didn’t identify.

©2019 Bloomberg L.P.

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