Rupee Debt

"Some Japanese companies have also indicated that they would be interested in financing UMPPs if we could have some portion of tariff indexed to a basket of currencies or a particular currency, which could mean much larger financing from international sources at a lower rate of interest with longer tenure and cheaper power," the minister said

Rupee weakens after two-day rally

Domestic stocks are expected to give further direction to the currency

India to let power cos to lift 40% financing in abroad debt

India will allow power companies to raise overseas debt to finance up to 40% of rupee debt on existing power projects, likely in the next seven days, a finance ministry official said on Wednesday.