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Last Updated On: 09-04-2011


Does the MoR guarantee any of IRFCs borrowings?

The MoR does not guarantee any of IRFC’s borrowings. But MoR’s CTmtertual agreement with IRFC ensures that the entire ffiMBudng risk is transferred to the MoR. The lease agreement not only provides liquidity support to IRFC and bears all interest and exchange ate risks but also has a cost-plus clause, which ensures that IRFC has a moderate spread.