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ASSOCIATE SPONSORS
The chart reproduced from RBI’s bulletin shows that Indian firms are using more than 60 percent of borrowings to fund expansion, acquisition or investing in capital goods
Under the revised norms, domestic companies can raise seven-year foreign exchange debt to repay local loans to meet capacity expansion needs and 10-year foreign currency debt for working capital purposes.
Infrastructure Development Finance Company (IDFC) is planning to increase the forex loan share in its overall borrowing to facilitate greater participation from overseas investors.
AK Somani, the chief financial officer of Usha Martin Ltd that operations were hurt due to excessive rainfall this year.
