{"id":508429,"date":"2022-07-25T09:49:08","date_gmt":"2022-07-25T04:19:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=508429"},"modified":"2022-07-25T10:03:48","modified_gmt":"2022-07-25T04:33:48","slug":"79-billion-ecbs-unhedged","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/79-billion-ecbs-unhedged\/","title":{"rendered":"\u2018$79-billion ECBs unhedged\u2019"},"content":{"rendered":"<p>RBI Governor Shaktikanta Das said a predominant part of the outstanding external commercial borrowings (ECBs) is effectively hedged. Of the outstanding ECBs of $180 billion, 44 per cent or $79 billion is unhedged. This includes about $40 billion liabilities of public sector companies, mainly in the petroleum, railways and power sectors, which have assets with a natural hedge character. <\/p>\n<p>Besides, being public sector entities, their foreign exchange risk, if any, can be absorbed by the government. \u201cSuch a contingency is unlikely to arise. The remaining $39 billion ECB represents 22% of ECBs outstanding. Even this includes borrowings of those firms which have a natural hedge \u2026 This would leave a very small portion of the total outstanding ECBs that are truly unhedged,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI Governor Shaktikanta Das said a predominant part of the outstanding external commercial borrowings (ECBs) is effectively hedged. Of the outstanding ECBs of $180 billion, 44 per cent or $79 billion is unhedged. This includes about $40 billion liabilities of public sector companies, mainly in the petroleum, railways and power sectors, which have assets with a natural hedge character. Besides, being public sector entities, their foreign exchange risk, if any, can be absorbed by the government. \u201cSuch a contingency is unlikely to arise. The remaining $39 billion ECB represents 22% of ECBs outstanding. Even this includes borrowings of those firms [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-508429","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=508429"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508429\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=508429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=508429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=508429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}