COMPLEXCOUNTRIES
Global Treasury intelligence
Treasury & FX in India
Treasury & FX in India
Call date: 28th Feb 2019
In this call, members shared their experiences of cash and treasury management in India, including : experiences with regulations, hedging, funding and cash repatriation.
The call was chaired by Rajiv Rajendra, his commentary appears below.
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Chairman’s commentary
There is the India of uncertainty due to the forthcoming election and escalating tensions with Pakistan over Kashmir. However from a policy perspective regarding business although the election has meant a slow-down in de-regulation, whoever wins the election, there is commitment to continue this process.
The other India is the India of everyday business – which continues irrespective of the headlines and the continued evolution of a massive and growing market. Everyone on the call represented companies who recognise this. As well as illustrating the commitment of companies to the India market, the call also highlighted that:
- Documentation remains challenging and keeping track of regulation remains a problem.
- The regulations for external commercial borrowings (ECB) have eased.
- Companies are using both NDFs and onshore hedging but there is debate as to which approach is more efficient.
- Repatriation of cash remains an issue
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