Indian Companies Raised $1.34 Billion From Foreign Markets In October: Report

In a break-up, the companies raised as much as $ 1.32 billion by way of external commercial borrowings (ECBs) from the automatic route.

Indian companies raised nearly $ 1.34 billion from foreign markets in October this year, down 34 per cent from the year-ago period, RBI data showed on Wednesday.

The domestic firms had raised over $ 2.03 billion from the overseas markets in October 2020. In a break-up, the companies raised as much as $ 1.32 billion by way of external commercial borrowings (ECBs) from the automatic route.

While, the rest of $ 1,47,49,994 was raised by a single firm -- Fortum Solar Plus Pvt Ltd -- by issuing rupee-denominated bonds (RDBs), popularly known as masala bonds.