Economic TimesLean R·
RBI easing drives Indian companies’ $7.70 billion overseas borrowing
Indian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This marked a significant 27% growth over the previous month's figures. The Reserve Bank of India eased its external commercial borrowing framework earlier this year. This move increased the borrowing cap and removed restrictive cost ceilings for companies. Major firms like Interglobe Aviation and Housing & Urban Development Corporation sought substantial funds.
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