We thus see if they have speculated in interest rate markets, rather than hedge, they have lost both ways any which way one looks at it!
What I have said about management of rupee interest rate risk applies just as much to floating rate Libor-linked long-term foreign currency loans as well and I would, therefore, strongly commend to business and industry to go in for interest rate swap-enabled fixed rate longterm financing both in domestic and foreign currencies. 9.