India Inc’s borrowings from international markets fell to USD 2.81 billion in February, down by 9 per cent as in comparison with the year-ago month, information from the Reserve Financial institution of India confirmed Friday.
The home corporations had raised as a lot as $3.1 billion via the exterior industrial borrowing (ECB) route within the corresponding month of 2018.
No corporations tapped the rupee-denominated bonds path to borrow capital from international markets throughout February.
All the fund mop-up through the month was achieved via the automated route of ECB, confirmed the RBI information.
Among the many main debtors had been Oil India Ltd (USD 550 million for abroad funding), Indian Oil Company (USD 400 million as working capital mortgage), Shriram Transport Finance Firm (USD 400 million for sub-lending) and Mahindra & Mahindra Monetary Providers (USD 300 million for sub-lending).
Tata Capital Housing Finance raised USD 200 million for on-lending, HPCL Rajasthan Refinery USD 140.71 million for brand new mission funding, and Barclays International Providers Centre Pvt Ltd USD 130.11 million for brand new mission.