The Reserve Bank of India (RBI) in its latest report ‘Data on ECB/FCCB’ has showed that Indian companies raised $1.43 billion ($1,42,99,20,622) through external commercial borrowings (ECBs) in for the month of October 2022. Last month, Indian companies raised $930.50 million ($930503762) through the automatic route and $499.42 million ($499416859.9) through the approval route.
As per the RBI data report, Indian Oil Corporation was the largest borrower among all companies that raised $300.00 million through the automatic route in October 2022, followed by Rohan Corporation India ($100.00 million) and Dupont Specialty Products India ($58.94 million).
The Reserve Bank of India’s report further showed that there were only two companies through the approval route in October 2022 i.e. REC and Export-Import Bank of India that raised $399.42 million and $100 million, respectively.
