You may reduce the cost of borrowing by taking loans in foreign currency especially when your business is generating foreign currency revenue and has natural hedge against the currency fluctuations.
Following are few facilities that we arrange in foreign currency,
A) Buyer's credit for imports
B) External commercial borrowing to facilitate long term asset purchase
C) FCNR (B) for normal working capital or term loan requirement
D) Export packing credit facility to prepare stocks for onward sales to foreign buyers.
E) Standby letter of credit