India Inc foreign borrowing down 45% at $2.42 bn in January.
Major borrowers, which tapped resources overseas via automatic route, included Indian Oil Corporation Limited (USD 900 million), Bharat Petroleum Corp (USD 500 million) and Hindustan Petroleum Corp (USD 200 million).
No money was raised through rupee denominated bonds (RDBs) during the month, both in 2019 and 2018. Photo: Pixabay