Corporations in India, as in the rest of the world, use hedges to protect themselves against a
quartet of exposures: swings in interest rates, commodity prices, foreign exchange rates and …

This paper examines the factors which determine the usage of currency derivatives by
Indian IT companies. It is found that a total of 18 large Indian IT firms use currency …

Several risk management studies in non-financial firms suggest that foreign debt when used
for hedging purposes could act as a substitute to financial derivatives. Keloharju and …