Two years ago, when a novel coronavirus struck, when fear and panic spread, you decided you wanted to learn  -2more. When economies and markets struggled, you chose to focus on developing solutions. When travel and trade trickled to a stop, you made a commitment to a life in global affairs.
As the recent events unfolded, concerns about the impact of exchange rate depreciation on the balance sheet of corporates and banks came to the fore. While banks in the country have limited direct exposure to exchange rate movements, the same is not true of corporates whose overseas indebtedness has risen over the last few years.