Yen forecasting

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Many Indian printers who bought offset presses with deferred credit and foreign currency loans, especially the Japanese Yen, may be in a spot of trouble as the first payments become due. For instance, if they bought a machine when one Yen was equal to 36 paise, by the time the machine actually came in and cleared customs, the Indian Rupee had already depreciated to 40 paise against one Yen. The Rupee has kept on depreciating against the Yen for most of the last two years and is currently valued at 50 paise to the Yen. As the first installments of the loans become due later this year, many of the printers who took loans of Japanese currency without long-term cover for rate fluctuation are looking at paying back almost 30 per cent more than they planned. ...cont´d

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