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ECB by India Inc rises four fold.
; Press Trust of India
MUMBAI, 30 JULY: Indicating some recovery in the global scenario, overseas borrowings by India Inc have increased phenomenally by nearly four fold to $1.9 billion in June.
The total overseas loans raised by 48 companies through external commercial borrowings (ECB) moved up from $494 million in May to $1.9 billion in June, according to the ECB data released by the RBI today.
Of the total overseas borrowings, $573 million was raised through automatic route and $1.3 billion was mopped up through approval route.
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