CapitaLand India Trust shifts debt to rupees as INR falls
· Business · Economic Times
Singapore-based CapitaLand India Trust is converting its outstanding debt from Singapore dollars into Indian rupees. The move follows significant depreciation of the rupee against the Singapore dollar over the past 12 to 18 months. As of June 2026, the trust reported total borrowings of approximately S$1.7 billion, equivalent to about ₹8,820 crore. The firm's total assets under management reached S$3.5 billion during the same period. This debt restructuring aims to mitigate risks associated with currency volatility.
Why it matters
The shift to rupee-denominated debt protects the trust from further currency fluctuations, stabilizing its balance sheet against the backdrop of a weakening rupee.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.