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You are the CFO of a US firm who's wholly-owned subsidiary and India manufacturers component parts for your US assembly operations. The subsidiary has been
You are the CFO of a US firm who's wholly-owned subsidiary and India manufacturers component parts for your US assembly operations. The subsidiary has been financed by Bank borrowings in the United States. One of your analysts told you that the Indian Ruby is expected to depreciate by 40% against a dollar on the foreign exchange market over the next year. What actions, if any, should you take?
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