New Delhi
The domestic firms had borrowed more than USD 3.41 billion from overseas markets in October 2019.
No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019.
Of the total borrowings under the external commercial borrowing (ECB) route during October 2020, a total of $1.73 billion came in through the automatic route while the rest $300 million was through the approval route.
Under the automatic route, major borrowers included Reliance Industries Ltd ($1 billion for refinancing of earlier ECB); Bajaj Finance Ltd and Larsen and Toubro Ltd ($100 million each for the purpose of on-lending and refinancing of earlier ECB respectively).
ATC Tires AP Pvt Ltd borrowed $52 million for new project and $51 million by Luxshare India.
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