PSU non-banks go slow on offshore borrowing as cost edge shrinks
· livemint.com
RBI’s concessional hedging window opened a cheaper route to overseas funds for PSU lenders, but higher US yields and a crowded dollar market have eroded the advantage. With offshore and domestic borrowing costs now nearly at par, PSU non-banks face a tougher funding choice.
Mumbai: The Reserve Bank of India’s (RBI's) concessional hedging window was expected to make overseas borrowing an attractive option for public sector compani...