Dollar: Dollar shortage may impact foreign exchange borrowing companies

[ad_1] Mumbai: Signs of Dollar Shortage is emerging in India and many companies borrowing foreign currency may face some adverse conditions, according to the central bank’s Financial Stability Report (FSR) Told. “Signs of tension are also emerging in short-term dollar financing,” it said. “With the announcement of sanctions, the forward rate agreement – ​​the overnight indexed swap spread – how expensive or cheap it will be for banks to borrow in the interbank market relative to the risk-free rate – has widened along with the spread of non-financial commercial letter,”…