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of <h1>OMCs to Secure $10 Billion in Long-Term Foreign Loans for Working Capital Without Hedging Exposure Over Five Years.</h1> Oil Marketing Companies (OMCs) will finance their standing working capital needs through long-term foreign currency loans. They will borrow a total of USD 10 billion over five years, starting with an initial USD 4 billion tranche, followed by two USD 3 billion tranches. The borrowing process is expected to be completed within one year. Notably, OMCs will not be required to hedge their exposure.
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