Impact on USD rising on corporates

Dear Investors,

 

With USD trading at Rs.55, there is going to be a serious impact on all corporates who have borrowed overseas and their redemption is due this year. The debt roll over (if happens) will be costly and rumours says that majority of the midcap compnaies will even default in their payout.

So before Investing any companies for Portfolio  (even if market gives some breather), check the current debt / equity situation along with any external borrowings if they have along with redemption due.

Will send the FCCB / ECB list for you ref.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible."