The weakening rupee has started impacting Indian corporates that have gone for foreign currency borrowings, compounding concerns at a time when trade wars and economic slowdown are casting a shadow over global growth prospects. The five per cent depreciation in the rupee since April 2024 has directly increased the rupee equivalent of debt repayment for companies relying on external commercial borrowings (ECBs) by the same percentage, pinching the corporate sector.There could be more trouble in the offing as there are clear indications from the RBI that it may not be...