Banks were told by the authorities to protect their dollar deposits on concern that U.K.-based Cairn Energy Plc will move to seize India’s offshore assets after winning an arbitration ruling, according to people with knowledge of the matter.
"There are no cash receivers in the market, everyone is a payer, ” said Anil Kumar Bhansali, a treasurer at Finrex Treasury Advisors. Dollar"cash levels are high. So near-term premiums are also high.” Cairn Energy can push global authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the U.K. earlier this year.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
Strong demand as Khazanah returns to US$ Sukuk marketThe sovereign wealth fund said it successfully priced the offering which comprised a five-year US$400mil in nominal value sukuk due 2026 and a 10-year US$600mil in nominal value sukuk due 2031.
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