Mumbai, Nov 30 (PTI) Borrowing by India Inc from foreignsources jumped more than two times from a year ago to USD 4.4billion in October this year, data from Reserve Bank showedtoday.
The fund raised by Indian companies through externalmeans stood at USD 1.77 billion in October 2016.
Instruments like external commercial borrowings (ECBs),foreign currency convertible bonds (FCCBs) and RupeeDenominated Bonds (RDBs) were used by domestic companies toborrow the money.
Of the total amount, over USD 1.40 billion came inthrough automatic route of the fund raise mechanism and USD4.09 billion was borrowed through approval channel.
The rest of USD 314.99 million was sourced by floatingrupee denominated bonds by Indian firms in overseas markets.
Among the major borrowers include Reliance Jio InfocomLtd USD 1.5 billion, Reliance Industries USD 991.27 million.
JSW Steel borrowed USD 210 million, Hindustan PetroleumCorporation USD 200 million and GTL Infrastructure raised USD197.24 million. PTI KPMMKJ.
This is unedited, unformatted feed from the Press Trust of India wire.