Fall in rupee to hit PE return from India further

The continuous fall in rupee will hit exit returns of private equity (PE) investors further in India. According to Bain and Company's India Private Equity Report 2015, the number of reported exits in India grew 14% from 2013 to 2014, though the value of exited investments dropped by 22% to $5.3 billion compared with $6.8 billion in 2013. "India is going through significant exit overhang, and the pressure to exit is expected to rise," says the report.