Even as it left policy rates unchanged in its review of monetary policy on Tuesday, the Reserve Bank of India (RBI) expressed concerns that a “significant” portion of foreign currency borrowings of companies remain unhedged.The central bank warned of risks and made it clear it would not bail anyone out by intervening in the foreign exchange market to hold the rupee at a particular level. “Our exchange rate policy historically has been that we will prevent undue volatility.

Source - http://www.financialexpress.com