Rupee at 80: How top Indian companies hedged themselves for dollar

Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions

Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.

Most top companies have taken forward cover considering the seven per cent fall in the rupee’s value against the dollar since January. “All prudent companies have taken forward cover for the weakening of rupee versus the dollar,” said Prabal Banerjee, former finance director of Bajaj group.

The Aditya Birla group earns half of its $60 billion annual