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Essar Oil set to replace rupee loan with dollar ones

Essar Oil set to replace rupee loan with dollar ones

Reports suggest that Essar Oil plans to raise dollar loans in order to repay some of its rupee loans in order to benefit from the interest differential between these two loans. According to media reports, the company plans to swap rupee loans worth $2.2 billion or Rs 11,700 crore with dollar loans

Post
Essar Oil set to replace rupee loan with dollar ones

Essar Oil set to replace rupee loan with dollar ones

Reports suggest that Essar Oil plans to raise dollar loans in order to repay some of its rupee loans in order to benefit from the interest differential between these two loans. According to media reports, the company plans to swap rupee loans worth $2.2 billion or Rs 11,700 crore with dollar loans