Is the rupee freefall reviving Corporate India’s 2008 forex nightmare?

The rupee’s slide is seeping into corporate profitability, triggering forex losses on overseas loans. Even heavily hedged firms like PFC took an INR940 crore hit in H1 FY26, while risks are rising in dollar, euro and yen borrowings. It’s not a crisis yet — but currency stress is quietly building, and the warning signs are hard to ignore.

from Economy-Prime-Economic Times