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India Inc s foreign borrowings jump 24 percent to $9.23 billion in March
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Last Updated: May 02, 2021, 10:44 AM IST
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Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets.
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India Inc s external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed. Indian firms had raised USD 7.44 billion from the foreign market in the same period a year ago. Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets.
India Inc s foreign borrowings rise 24% to $9.23 billion in Mar: RBI data
Of the total borrowings during March 2021, $5.35 billion came in through the approval route of the external commercial borrowings (ECB)
PTI | May 2, 2021 | Updated 11:56 IST
No money was raised through the rupee denominated bonds (RDB) or the masala bonds, as was the case in the year-ago period as well
India Inc s external commercial borrowings jumped by over 24 per cent to $9.23 billion in March this year, RBI data showed.
Indian firms had raised $7.44 billion from the foreign market in the same period a year ago.
Of the total borrowings during March 2021, $5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of $3.88 billion was raked in via the automatic route of raising funds from international markets.
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| Photo Credit: Reuters
Indian Railway Finance Corporation (IRFC), ONGC Videsh Rovuma and REC Ltd were the three players that raised money in the approval route category India Inc s external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed.
Indian firms had raised USD 7.44 billion from the foreign market in the same period a year ago.
Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets.
India Inc s external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed. Indian firms had raised USD 7.44 billion from the foreign market in the same period a year ago. Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets. No money was raised through the rupee denominated bonds (RDB) or the masala bonds, as was the case in the year-ago period as well.