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Budget 2023
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Indian companies raise $1.34 billion from foreign markets in October; down 34% from last year, says RBI

As per RBI data, companies raised as much as $1.32 billion by way of external commercial borrowings from the automatic route

December 02, 2021 / 09:50 AM IST

Indian companies raised nearly $1.34 billion from foreign markets in October this year, down 34 percent from the year-ago period, Reserve Bank of India (RBI) data showed on December 1.

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 $14,749,994 was raised by a single firm — Fortum Solar Plus — by issuing rupee-denominated bonds (RDBs), popularly known as masala bonds.