Hi,
I have returned to India last year from Hong Kong. While in HK I took a loan in HKD at bargain rate and invested the same in a business here.
Since the INR has depreciated and I still have about 4 years of repayments, I am concerned about the Forex Exposure i.e HKD appreciating. The prepayment terms are not favorable as the loan already carries minimal rate and I cannot get other loan here to pre-pay existing loans.
I am looking to hedge my positions at a reasonable cost till my commitment gets over.
I am seeking help from FOREX experts here...
Regards,
I have returned to India last year from Hong Kong. While in HK I took a loan in HKD at bargain rate and invested the same in a business here.
Since the INR has depreciated and I still have about 4 years of repayments, I am concerned about the Forex Exposure i.e HKD appreciating. The prepayment terms are not favorable as the loan already carries minimal rate and I cannot get other loan here to pre-pay existing loans.
I am looking to hedge my positions at a reasonable cost till my commitment gets over.
I am seeking help from FOREX experts here...
Regards,