India's Railway Finance Corporation Considers Swiss Franc Loans Amid Rupee Decline

India's Railway Finance Corporation is contemplating the conversion of some of its USD-denominated loans into Swiss franc loans to mitigate foreign exchange risks due to the rupee's depreciation. According to NS3.AI, this strategy is in line with broader BRICS discussions on reducing reliance on the U.S. dollar, potentially prompting other Indian state-run enterprises to adopt similar measures. The initiative aims to decrease funding costs and minimize foreign exchange losses, as the rupee has weakened by 6% against the dollar over the past year.