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    Question

    What was the percentage decline in Indian companies'

    foreign borrowings in 2024?
    A 15.2% Correct Answer Incorrect Answer
    B 20.2% Correct Answer Incorrect Answer
    C 18.5% Correct Answer Incorrect Answer
    D 25.6% Correct Answer Incorrect Answer
    E 17.3% Correct Answer Incorrect Answer

    Solution

    Indian companies' foreign borrowings decreased by 20.2% in 2024, from $29.22 billion in 2023 to $23.33 billion in 2024. This decline was attributed to the depreciation of the rupee against the dollar, leading to higher repayment costs and an increase in forward cover prices.

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